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Bitcoin is highly volatile yet safe in the long term. Dollars are stable and lose value over time. What are young people to do with their money? Real estate ha
by kneel 3y ago
Bitcoin is highly volatile yet safe in the long term. Dollars are stable and lose value over time.
What are young people to do with their money? Real estate has a high cost of entry. Retirement accounts tie up their money until late age with rules that may change. Pensions are a thing of the past.
Crypto for all its flaws is soaring, less boomer, and allows for ownership of wealth.
- wmf 3y agoInvest in the real economy using a normal brokerage account.
- latchkey 3y agoWhat is "the real economy"?
- xcv123 3y agoEquities
- latchkey 3y agoI didn't know Gensler had his own HN account! https://twitter.com/TheBTCTherapist/status/1735362730238882125 https://twitter.com/TheBTCTherapist/status/17353627302388821...
- xcv123 3y agoHuh? That link discusses the treasury market. Nothing to do with equities. Equities means shares in companies, which are what real economy is made of. The population collectively producing physical goods and services. Tangible real things, created by people doing actual work.
- kemotep 3y agoBitcoin is only now recovering to the prices it was a few years ago. In that same time, my investment account is up 15%. I would still be in the red if I didn’t go the boring route. So personally investing in Bitcoin would have lost me money. So I do not think you can blanket say doing one over the other is a clear choice. The day to day volatility of crypto is absolutely a concern for making any kind of financial planning.