My family came from a global south nation. I have older relatives who had decent jobs, worked hard, were extremely frugal and heavy savers. The problem is, there wasn’t really much opportunity for investment there. Domestic stock markets were underdeveloped and untrustworthy. No access to American stocks at the time. Plus they weren’t financially sophisticated so they kept their savings in cash. Government inflated the hell out of the currency (if you think what the Fed is doing with the dollar is bad you ain’t seen nothing). They ended up poor in old age and should have been comfortable with how hard they worked and saved. It’s criminal if you ask me. I have hope Bitcoin will serve as an economic life raft they never had for those in similar situations.
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Stealing your time & energy constantly
My family came from a global south nation. I have older relatives who had decent jobs, worked hard, were extremely frugal and heavy savers. The problem is, there wasn’t really much opportunity for investment there. Domestic stock markets were underdeveloped and untrustworthy. No access to American stocks at the time. Plus they weren’t financially sophisticated so they kept their savings in cash. Government inflated the hell out of the currency (if you think what the Fed is doing with the dollar is bad you ain’t seen nothing). They ended up poor in old age and should have been comfortable with how hard they worked and saved. It’s criminal if you ask me. I have hope Bitcoin will serve as an economic life raft they never had for those in similar situations.