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.
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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.
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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 
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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.
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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.
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I wouldn’t touch crypto with a barge pole when there’s people like Musk who can influence it so easily.
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Exactly my point and companies like Blackrock that have such a large amount of Bitcoin can influence it so easily as well.
Plus why would you trust anything Musk can influence.
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I’m curious, since I started saving in Bitcoin, I’ve been able to shield myself from inflation, improve my purchasing power, and make my financial life easier. This and my belief that Bitcoin will keep outperforming inflation have given me optimism for my family’s financial future. What hope do you have for your financial future?
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This time next year, Rodders.
Obviously there is potential, but there is potential in thousands of companies/stocks.
This isn’t something I’d want my long-term savings in
Long term obviously it’s up, but would/did you hold your nerve in many of the big dips? What about when the next one comes just as you want to buy a house/retire?
My savings might only get a 4% or whatever it is now, but it’s never going to lose 50%
Well between the Investments in the stock market, real estate and savings me and my boyfriend have together and me working for a Government Agency and him working for one of the biggest banks on the planet. I think are financial future is going to be fine without it needing to be controlled by Musk.
Imagine receiving your salary in a currency that the Government can create out of thin air and is guaranteed to depreciate over time. The concept is absurd.
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What has Musk got to do with anything?
Musk has got a massive control over the Crypto Currency Market and so do these big companies like Blackrock. They say anything or do anything the price will go down.
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My salary in your magic beans has decreased 13% from July to August.
How much has it depreciated using thin air government money?
Blackrock isn’t the argument you think it is either. They have a fun of $10 TRILLION. 350k isn’t even a rounding error. It’s like me investing in a Freddo and someone claiming that’s why Cadbury’s should be the next currency.
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If your savings earn interest lower than the inflation rate, your purchasing power decreases. In other words, inflation reduces the value of your money over time.
Bitcoin’s minimum CAGR (Compound Annual Growth Rate) across any 4-year period in its history is around 25%.
Wow you don’t say 
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