This is why bitcoin is the superior safe have asset to turn to during a crisis

Imagine the scenario where there is an inflaton crisis where inflaton rages back to life, it hits 10% then 20% and keeps going and you need to protect the money in your bank account by turning it into something scarce, or there is a global banking crisis like silicon valley bank where you need to get your money out of the bank ASAP.

As an average person your options are as follows:

1) turn your bank balance into equities using your banks brokerage feature.

2) find a gold bullion dealer in your area, drive down and use your bank card to buy as much gold as possible then store it in your home under your bed.

3) go online and open a bitcoin exchange account, transfer your bank balance to the bitcoin exchange, buy bitcoin and then withdraw it to self-custody.

Which one of these options is the easiest and safest.

Option 1 is useless bescause if the bank fails you still lose everything and option 2 is unsafe because who wants to store gold coins and bars inside their own home.

If you have to think quick and want to protect your money as fast as possble then bitcoin is the easiest and quickest asset to buy and it is the easiest and safest to secure.

This is why bitcoin will become the most desired asset to buy when there is an inflation crisis or a banking crisis where you need to act fast to protect the money in your bank account.

Bitcoin is the superior safe haven asset.

submitted by /u/slvbtc to r/Bitcoin
[link] [comments]
Quelle: bitcoin-en