01-02-2022, 03:09 PM
Anyone else saving in Crypto and completely ignoring banks?
<!-- SC_OFF --><div class="md"><p>Whenever someone talks about depositing or saving money, most people instantly think about banks for some reason. IMO they are the worst way to save money, not only do they offer interest rates that are terrible and lower than the inflation rate, they're also terrible privacy wise.</p> <p>Crypto is much much better. I'm getting double digit interest rates, huge annual return due to Crypto's value rising PLUS a hedge against inflation. Moreover, there's no privacy concern and the utility is the same or even more than banks considering Crypto is being accepted more and more as a payment method with better discounts than bank credit cards. Who else does the same?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Many_Scratch2269"> /u/Many_Scratch2269 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ru5yrc/anyone_else_saving_in_crypto_and_completely/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ru5yrc/anyone_else_saving_in_crypto_and_completely/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Whenever someone talks about depositing or saving money, most people instantly think about banks for some reason. IMO they are the worst way to save money, not only do they offer interest rates that are terrible and lower than the inflation rate, they're also terrible privacy wise.</p> <p>Crypto is much much better. I'm getting double digit interest rates, huge annual return due to Crypto's value rising PLUS a hedge against inflation. Moreover, there's no privacy concern and the utility is the same or even more than banks considering Crypto is being accepted more and more as a payment method with better discounts than bank credit cards. Who else does the same?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Many_Scratch2269"> /u/Many_Scratch2269 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ru5yrc/anyone_else_saving_in_crypto_and_completely/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ru5yrc/anyone_else_saving_in_crypto_and_completely/">[comments]</a></span>Kind Regards R