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.
๐ฅ GET MY FREE NEWSLETTER ๐ https://cryptolark.co/WEALTHMASTERY
๐ธ BYBIT $30,030 BONUS & FEE DISCOUNT ๐ https://cryptolark.co/BYBIT
๐ก๐ก๐ก ESSENTIAL CRYPTO KNOWLEDGE ๐ก๐ก๐ก
๐ฅ GET MY FREE NEWSLETTER ๐ https://cryptolark.co/WEALTHMASTERY
๐จโ๐ CHECK OUT MY 100% FREE BEGINNER GUIDE! ๐ https://cryptolark.co/GUIDE
๐ BITCOIN INVESTING COURSE ๐ https://cryptolark.co/BTCCOURSE
๐ ALTCOIN INVESTING COURSE ๐ https://cryptolark.co/ALTCOIN
โญ๏ธโญ๏ธโญ๏ธ GET IN TOUCH โญ๏ธโญ๏ธโญ๏ธ
๐ฌ SPONSORSHIP REQUESTS https://cryptolark.co/SPONSOR
๐ MEDIA REQUESTS https://cryptolark.co/MEDIA
๐๐๐ BEST EXCHANGES TO BUY CRYPTO ๐๐๐
๐ฐ BINANCE: BEST EXCHANGE FOR BUYING CRYPTO IN THE WORLD
๐ 10% OFF FEES & $600 BONUS โบโบ https://cryptolark.co/10
๐บ BINANCE TUTORIAL: https://www.youtube.com/watch?v=2tZ6sEyx56s
๐ USA #1 EXCHANGE TO BUY AND SELL CRYPTO
๐ BUY BITCOIN ON KRAKEN โบโบ http://cryptolark.co/KRAKENBTC
๐๐๐ BEST EXCHANGES TO TRADE CRYPTO ๐๐๐
๐ธ BYBIT: BTC FUTURES TRADING EXCHANGE
๐ $30,030 IN BONUSES โบโบ https://cryptolark.co/BYBIT100
๐บ BYBIT TUTORIAL: https://youtu.be/mw3sAX6XdDE
๐ช PHEMEX: BTC FUTURES TRADING ๐ 10% OFF FEES $6,050 SIGN-UP BONUS
โบโบ https://cryptolark.co/PHEMEX
โ๏ธโ๏ธโ๏ธ TOP CRYPTO SERVICES & PRODUCTS โ๏ธโ๏ธโ๏ธ
๐คต NUMBER ONE BROKER – PROFESSIONAL PERSONAL WEALTH MANAGEMENT
๐ CALEB & BROWN – 30% OFF โบโบ https://cryptolark.co/CB
๐ BEST CRYPTO WALLET TO KEEP YOUR ASSETS SAFE
๐ BUY LEDGER WALLET HERE โบโบ https://cryptolark.co/LEDGER
NOTE: The above are affiliate links and I receive a commission when you use these links to start your accounts. Using any cryptocurrency platform involves risk which may result in a complete loss of funds. Futures trading is a high-risk activity and should only be undertaken by those who understand the risks and are prepared to sustain a complete loss of funds. Thank you for your support.
๐งจ๐งจ FULL PORTFOLIO AND DISCLOSURE OF VENTURE INVESTMENTS ๐งจ๐งจ
#bitcoin #crypto #investing
Subscribe for more great crypto videos https://www.youtube.com/channel/UCl2oCaw8hdR_kbqyqd2klIA
ESSENTIAL VIEWING
Security Tips https://www.youtube.com/watch?v=-qRpW20AB8k&t=2s
Take Profits https://www.youtube.com/watch?v=4ej6Uiynyso&t=5s
Binance Tutorial https://www.youtube.com/watch?v=2tZ6sEyx56s&t=5s
Bybit Tutorial https://www.youtube.com/watch?v=mw3sAX6XdDE
Watch more great crypto videos on this playlist
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
Great illustration!
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 Iโm on that house trying to figure out why that actually is not enough for everything needed. Maybe Iโll put it in Bitcoin?
Silver certificates?
Making money is an action. Keeping money is behavior. Growing money is knowledge!!!
Probably some really valuable notes in that money. That could be worth a lot more that $100k
Once it goes out of circulation its worth nothing, now thats scary.
$10,000 cash invested at 5% for 100 years compounded monthly would be worth $1,468,794.49. Grandpa was not very bright putting it in a box.
10k in gold that would be a fortune in todays money at 21$ an ounce in 1923 thats 476 ounces or almost 1million$ today
All my monetary transactions require complete anonymity, so crp. is is the only option for me