A man wrote an article about how Bitcoin and gold might not help you if there is a big problem that affects the whole world. He says that these things are only useful if there is a smaller problem in one place. If you can move your money to another safer place, then it will still be worth something. Read from source...
- The author of the article "Bitcoin And Gold Won't Save You" starts with a pessimistic tone and assumes that civilization will end due to various factors. This is an extreme and unlikely scenario that does not reflect reality or rational thinking.
Bearish
Key points from the article:
- Bitcoin and gold are often seen as safe havens in times of crisis or uncertainty.
- However, the authors argue that they would be worthless in a global civilization-ending event, such as nuclear war or asteroid impact.
- They suggest that other assets, like land or skills, would be more valuable in such a scenario.
- In a smaller, localized collapse, Bitcoin and gold could still have some value as stores of value, but only if they can be transported to a more stable location.
Based on my analysis, Bitcoin and gold are not suitable for the scenarios described in the article. While they may still have some value in localized collapses or crises, their overall performance is highly dependent on market conditions and external factors. Therefore, I would suggest looking into alternative investment options that can offer more stability, diversification, and growth potential.
Some possible alternatives are:
1. Real estate: Real estate can provide a hedge against inflation, tax benefits, and passive income. However, it also involves significant upfront costs, maintenance expenses, and market risks. You should conduct thorough research and due diligence before investing in any property.
2. Commodities: Commodities such as agriculture, energy, and metals can offer exposure to the physical economy and inflation-hedging properties. However, they are also subject to supply and demand fluctuations, storage costs, and regulatory risks. You should consider investing in commodity ETFs or futures contracts instead of physical assets if you want to avoid these challenges.
3. Cryptocurrencies: Cryptocurrencies are digital assets that use blockchain technology to facilitate secure and decentralized transactions. They can offer high returns, volatility, and innovation potential. However, they also face regulatory uncertainty, security risks, and market manipulation issues. You should only invest in cryptocurrencies if you have a high risk tolerance and understand the technology behind them.