Next week is election, there is uncertainty in markets all around. So why Bitcoin?
What we know:
People want to make a return on their investments/savings.
Banking Interest rates are nearing 0. --> Why would I keep my money in a savings account that is losing to inflation.
We keep pumping money into a stock market to keep it afloat. --> I have money invested in the market, but in general, stock prices seem overvalued from all the money printing.
That leaves a few options, but my focus will be on Bitcoin and maybe some crypto that can be staked to earn a decent interest.
Individual retailers like myself are increasingly getting involved in Bitcoin, but more important will be large companies/institutions.
Companies are looking for a return on their investment as well.
There is a new trend (still small for now) indicating that some of these companies are starting to turn to Bitcoin, a trend which I believe is likely to continue.
What are your thoughts? What is your strategy to preserve wealth, no matter how big or small?
What we know:
People want to make a return on their investments/savings.
Banking Interest rates are nearing 0. --> Why would I keep my money in a savings account that is losing to inflation.
We keep pumping money into a stock market to keep it afloat. --> I have money invested in the market, but in general, stock prices seem overvalued from all the money printing.
That leaves a few options, but my focus will be on Bitcoin and maybe some crypto that can be staked to earn a decent interest.
Individual retailers like myself are increasingly getting involved in Bitcoin, but more important will be large companies/institutions.
Companies are looking for a return on their investment as well.
There is a new trend (still small for now) indicating that some of these companies are starting to turn to Bitcoin, a trend which I believe is likely to continue.
What are your thoughts? What is your strategy to preserve wealth, no matter how big or small?