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It's difficult to buy stocks if you don't even have a bank account. Why wouldn't Bitcoin be a "savings account"? I use it as a savings account, it's really grea
by HashBasher 3y ago
It's difficult to buy stocks if you don't even have a bank account. Why wouldn't Bitcoin be a "savings account"? I use it as a savings account, it's really great. I put money that I don't need today there so I can have the same or higher buying power in the long term, regardless of inflation.
- HWR_14 3y agoBTC is an asset that moves around a lot. If I put money in my savings account, I can use it tomorrow. If you put money in your BTC savings account a year ago, your BTC is worth less than money under a mattress (or in a modest yield savings account). You may want to invest in BTC, and that's absolutely fine! But it's not a savings account.