The money supply in the USA and in the Eurozone will continue to grow. In autumn 2021, both currency areas decided through their central banks that interest rates would remain very low and promised interest rate increases for 2022. Nobody knows whether this will happen. The currencies are losing purchasing power. Are cryptocurrencies your solution?
Fall 2021: Hope dies last
There seems to be great hope for salvation through cryptocurrencies. Bitcoin and Co. have once again started to soar. Both Bitcoin and Ethereum have broken out almost as strongly as they did at the beginning of 2021.
Compared to their launch a few years ago, cryptocurrencies have achieved gains of several 10,000%. That says everything for you:
* So-called currencies that create such speculative profits are not currencies that you can trade tomorrow. Quite the opposite.
* If you had such a cryptocurrency in your portfolio and you knew that the currencies had risen so much – would you spend it and buy matches, bread or water with it? The way you probably think is what most people think – and simply don’t use cryptos.
* So if you are looking for an exchange currency, cryptocurrencies are not (!) suitable. We don’t know if you’re looking for speculative profits. Then cryptocurrencies could be suitable for you. We don’t want to examine that at this point.
* To exchange with others, you should prepare other crisis currencies – everything that is in demand: medicine, cigarettes, alcohol, other addictive substances. If you are looking for real money: gold will always help. Silver also helps with smaller amounts.