RE: Being A Usefool Tool In The Wrong Hands
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This is one thing that has made me skeptical about putting my money in a savings account in a bank, why put it there with some shitty interest rate when I can earn more(on hbd for instance). In my country a dollar to cedi is almost 12 Cedis so no matter how long I leave it I will most definitely be making profit.
There was a time I wanted to buy treasury bills but after much research on it, I stopped myself. I compared it to a lot of crypto investments and it was not nice.
There are people who always want to play it safe so they always want to go to the bank. Maybe they are not educated enough about the crypto space but then I also think they are scared.
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Bonds may work when there's no inflation and you have no better option but in the broken world economy we are living in, there's no such thing and I don't think it will ever be. I think the elders are the one still investing in bonds. The younger generation has better options.
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