If you think that buying into an MLM Ponzi Scheme is a good hedge against inflation, all the power to you.
But in the long run, it's not.
There are no cryptos which effectively server as either currencies or good stores of value. There are always many better alternatives in both cases.
If you want to opt out of currency - that's rational - you can buy land, low-overhead ETFs, indexes, bonds, gold, other currencies, Gold, commodities, and all of the above.
Consider the obvious problem with your stated benefits of crypto: for every supposed benefit, there are already other, better solutions.
The only thing crypto can do, that others cannot, is make you rich, quickly, by doing nothing, by getting others in to the pyramid.
In the long run, crypto has a role, but there's no crypto on the horizon that's really useful. Some day.
Meme stock drum beating over social media isn’t the same thing as MLM.
What’s the average PE ratio up to now on the S&P?
Land, where? Real estate is just as inflated as the stock market if not moreso; it also comes with a tax liability at minimum, and is far less liquid than equities, cash and cryptos.
PMs are no different from cryptocurrency in any meaningful respect, and are actively worse on many fronts — e.g. where do you custody it, how do you verify it, how do you exchange it easily, how do you prevent it from being seized or stolen.
Look, there’s a reason humans invented fiat currency. It would just be better if that currency were A) global, B) of fixed supply, and C) controlled by computer algorithms instead of political institutions.
> Consider the obvious problem with your stated benefits of crypto: for every supposed benefit, there are already other, better solutions.
That’s mostly true of non-money — read: non-bearer asset — use cases, like those epitomized by Ethereum and its many competitors.
Now don’t you see that of all the alternatives you offered (stock, land, gold…) all require some degree of state interaction, or non-portability. Bitcoin is weightless. Easy to move. Trustless. Not dependent on any state or monetary system. It is this portability, trustlessness and independence from the state, and even lack of interaction with traditional financial organizations is what provides value.
But in the long run, it's not.
There are no cryptos which effectively server as either currencies or good stores of value. There are always many better alternatives in both cases.
If you want to opt out of currency - that's rational - you can buy land, low-overhead ETFs, indexes, bonds, gold, other currencies, Gold, commodities, and all of the above.
Consider the obvious problem with your stated benefits of crypto: for every supposed benefit, there are already other, better solutions.
The only thing crypto can do, that others cannot, is make you rich, quickly, by doing nothing, by getting others in to the pyramid.
In the long run, crypto has a role, but there's no crypto on the horizon that's really useful. Some day.