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Your life savings is losing 4% of value a year (on average) due to inflation. In some countries, this is as high as 20%. Are your savings earning more than 4%
by lectrick 13y ago
Your life savings is losing 4% of value a year (on average) due to inflation.
In some countries, this is as high as 20%.
Are your savings earning more than 4% a year, wherever they're invested in? If not, it's losing money, and if it is, subtract 4% from it and that's your "real" interest.
What do you think is going to happen once a bunch of countries with really crappy currency systems get wind of Bitcoin in any meaningful way? Do you think the value might rise? :)