4 ms·
The latter is potentially dangerous advice. If you are in the US, the FDIC will insure your savings and there are centuries of regulations in place to prevent b
by aaavl2821 9y ago
The latter is potentially dangerous advice. If you are in the US, the FDIC will insure your savings and there are centuries of regulations in place to prevent bank runs. In other countries I know this can be a real risk.
if most people are investing in crypto as a safe haven asset like gold, maybe your advice is good. If people are mostly investing in it to get rich, the advice is probably bad as high risk high return assets will probably get hit the hardest in a recession
What's higher: the risk of a run on a bank in the US or the risk of crypto declining 50%+?