Overall I agree, but disagree on your crypto view. The whole point of crypto is not being tied to the dollar. Even though interest on Coinbase is tempting, there is a saying , "not your keys, not your coin." I recommend holding 100% of the keys for your crypto. I also lean towards only investing in Bitcoin, although a case could be made for a privacy coin like Monero. Most cryptos are likely to shrink towards zero.
You can also get past the slow and high fees by using lightning (level 2 Bitcoin). Because Bitcoin has a fixed max amount, it has to go up as more people buy it. The only potential long term risk is can quantum computing break Bitcoin or can Bitcoin adapt? I would not advise anyone to go all in on Bitcoin, but I think it has a place in most people's portfolios.
You're right. 4% interest wouldn't be much good if it's tied to the dollar and the dollar of course will keep going down. I was being inconsistent. I'm going to edit that post.
Overall I agree, but disagree on your crypto view. The whole point of crypto is not being tied to the dollar. Even though interest on Coinbase is tempting, there is a saying , "not your keys, not your coin." I recommend holding 100% of the keys for your crypto. I also lean towards only investing in Bitcoin, although a case could be made for a privacy coin like Monero. Most cryptos are likely to shrink towards zero.
You can also get past the slow and high fees by using lightning (level 2 Bitcoin). Because Bitcoin has a fixed max amount, it has to go up as more people buy it. The only potential long term risk is can quantum computing break Bitcoin or can Bitcoin adapt? I would not advise anyone to go all in on Bitcoin, but I think it has a place in most people's portfolios.
You're right. 4% interest wouldn't be much good if it's tied to the dollar and the dollar of course will keep going down. I was being inconsistent. I'm going to edit that post.