Having a small amount of freedom to manage one’s own money isn’t going to amount to a hill of beans when the economy just completely collapses. It might have been a great idea. But like a lot of things, cryptocurrency doesn’t really play well with reality. It’s not going to be there for you when you really need it. Like a lot of speculation, it’s great if you already have some money to burn and you can stand a loss. Reality is that most of us don’t have that much money to burn.
That’s fine.
No one is asking you to.
I am more interested in the fact that it works and that it shuts out the central banks. The fact that it’s allowed me to makes changes in my life that would not have been possible at this point make me grateful. But I have never recommended anyone do anything with their money.
And when the economy collapses, nothing will work for a while. But I don’t think we will see a collapse of the entire economy. Wealth transitions from one thing to the next. Unless you think the Bolsheviks are coming, it will transition.
This is why a diversified portfolio is alway important.