It would be great if Monzo could provide a Bitcoin (not crypto) savings pot with the option to withdraw to self-custody.
Have you considered stand-up?
Have you considered having fun staying poor?
I don’t need magic beans to be rich.
This is never ever ever going to happen btw.
It will happen sometime in the next 10 years.
Crypto related so automatically top 10 regardless of anything else.
Needs some more protests before a top 5 shout. If FIAT is mentioned then we could be looking to award a medal.
Yet here you are, so rich by your bitcoin, monzo is your go to
Unfortunately, I still need somewhere to keep my Government-issued money.
Super rich alongside claiming benefits?
What a delight.
I work in IT and my boyfriend works in Finance. So I think i’m fine without needing a stupid coin that will collapse soon.
If your so rich with your bitcoin why need government money?
Personally I think that Bitcoin will be a dead end soon. With the amount of restrictions it seems to be getting now.
Bitcoin is still in its early stages of adoption, with limitations on its use as a medium of exchange. It’s not feasible to receive my salary or pay my bills directly in Bitcoin, but this will likely change as it becomes more mainstream. In the meantime, I use Bitcoin for long-term savings due to its potential for appreciation in value over time.
I mean i do the same with my Savings in the UBS S&P 500. But I know that the S&P 500 is going to grow overtime. Bitcoin might grow and it might not.
Yes, probably next year at the same time that Linux takes over the desktop.
I don’t think that it will. The amount of Banks that are restricting Crypto buying and selling using their cards due to the risk and the fees.
Plus the market is still very warry about Bitcoin and Crypto since FTX and Binance chaos.
As an Arch user, I wish Linux would take over!
To be clear, I’m not passing judgement on whether Linux should or shouldn’t be used more, just that I’ve been hearing it will take over ‘next year’ for the past 25 years
People have been saying this for the past 15 years.
Since January, the largest asset manager in the world, BlackRock, has purchased over 350k Bitcoin.
Sadly, due to the complexity of Linux. It will not probably never take over.
That means virtually nothing. They buy up a lot of Bitcoin as controlling a very large percentage of the bitcoin’s circulating around the world gives them leverage. With it being the most popular Crypto Currency. Many other banks across the world have got very large bitcoin reserves.
As of July 19th the UK Government holds 61K Bitcoin. US Government has an estimated 200K Bitcoin.
If Bitcoin does go up then congrats enjoy your millions. But while the current economic state across the world. I don’t think it’s going to do anything big anytime soon.
It’s dead as anything other than a high risk speculative ‘investment’ product. And thank goodness. Imagine getting your salary in a currency whose value can fluctuate by several percentage points a day! The concept is absurd.