Cryptocurrency

$10,000 in 1923 Is Worth What Today? #dollar



In this video, we explore the impact of inflation and currency debasement on fiat money through a real-life scenario. We discuss the story of a great-grandfather who left $10,000 in a safe deposit box, which in his time was a fortune, but by the time it was opened in 2023, had lost 94% of its purchasing power.

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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark) is not providing you individually tailored investment advice. Nor is The Crypto Lark registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. The Crypto Lark is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

9 Comments

  1. I can relate. My grandpa left us $100,000 in 2018 for maintenance of a beach house thinking the bank interests were more than enough, and right now Iโ€™m on that house trying to figure out why that actually is not enough for everything needed. Maybe Iโ€™ll put it in Bitcoin?

  2. $10,000 cash invested at 5% for 100 years compounded monthly would be worth $1,468,794.49. Grandpa was not very bright putting it in a box.

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