Physical Money or Crypto
If you live in a country like mine where your bank account can literally be frozen if the government noticed that you do any crypto related activities then you might have to really think about this question before you reply. Though I know without a doubt that almost everyone’s answer to this topic would be Cryptocurrency but what we fail to realize is that there are two ways to this thing.
Ever since I learnt about cryptocurrency, I’ve always tried to save a larger amount of my money in crypto because I love the idea of waking up the next morning and finding out that my money has doubled but then, the main reason why I really started saving in crypto in the first place was the police. Those guys will intimidate you and take your phone and then punch in your bank ussd code to send out all of the money in your account.
Anyways, like I said, it’s a two way thing. Crypto is good but there’s always the possibility of waking up the next morning and finding out that your money has dropped and you’re almost broke even though you didn’t buy a thing and vice versa except maybe you get stable coins like usdt or busd but then what’s the point of having a crypto if it’s a stable coin and doesn’t go up or down.
So I guess the next option is physical cash, but in a country like mine where the value of our currency keeps dropping everyday, you might find yourself at a disadvantage if you’re holding cash. As a matter of fact, I would rather buy a stable coin and save than save in naira. So at the end of the day, I guess I will go with crypto even though I won’t entirely rule out physical cash. It’s more like a 60/40 kinda thing with cryptocurrency having the higher percentage.