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Well, now that it exists, what would you as an individual rather keep your cash in compared to inflationary fiat held in an account with negative interest rate?
by 3np 5y ago
Well, now that it exists, what would you as an individual rather keep your cash in compared to inflationary fiat held in an account with negative interest rate?
- ProjectArcturis 5y agoGenuine investments in companies, real estate, and other hard assets which actually produce cash flow rather than BTC whose value depends on the madness of crowds and the tweets of eccentric billionaires.
- Qwertious 5y agoInvestment portfolios exist. They also reduce the cost of loans, thus making it easier for companies to grow and speeding up innovation. In comparison, the only thing "investing" in cryptocurrency does, is encourage larger economies of scale for cryptocurrency (which, side note, has built in mechanisms to actively prevent it from becoming more efficient).
- staticassertion 5y agoI don't know a single person who holds their money in 'cash'. They invest it in the market, real-estate, business development, etc.
- deleted 5y ago[deleted]
- throwaway2037 5y agoI am one who holds cash. Not all, but not an insignificant portion either. I have a mixture of assets. Why not invest that cash? None of the investment opportunities that I see fit my risk profile. Example: I'm holding my stocks now, but I do not plan to buy more. The average middle class (and below) person in any highly developed country has a mixture of assets, dominated by their house and cash savings in a bank. Most don't directly own financial assets -- stocks, bonds, etc. However, they are invested in a pension (national or private) that will certainly invest in financial assets.