A buddy of mine showed me yesterday that he has $270,000 sitting in cash in an account that pays 0% interest.
I told him that's crazy.
He asked what I would do with it.
I told him by the end of Monday, I would have $270k less cash and $270k more bitcoin.
We are not the same.
Or at least put it in River and earn 3.8% paid in bitcoin, daily.
Yep I mentioned that...
Normies still don’t understand nominal vs. inflation-adjusted returns. At worst, they ignore it completely and believe their savings account conserves their purchasing. At best, they use CPI, which greatly underestimates the rate of currency debasement.
True
All the people I’ve met like that have been super grateful if you tell them about high yield savings accounts and then give them a basic idea about how it works.
