The most frequent asked question in last six months!

To be precise, I'm gonna write my opinion on the question: "What do you think is smarter to hold Crypto, gold or Fiat?"

These are three different things from now, till a time, crypto changes in its essence.

Fiat money

Fiat money is centralized agreed money issued by governments. It is not subjected much to speculations, it is regulated so policy makers and lobbyists are very influencing on it and it can be afected by tax, inflation etc

people run business and hold business interests like stocks, corporates and shares to gain fiat money.

So if I want to advise anyone on fiat money, I will suggest to hold interests based on fiat money.

gold is commodity

Gold has been used as money thousands of years ago. The essence of gold's value is in the scarce resources worldwide and the usability of the metal in different applications and industries.

Gold performs very good in the time of war and global conflicts and recessions. In other words, when people lose trust in governors and central power holders.

Gold can be used by large asset managers and int'l companies who hedge fund their assets.

If you are a multinational citizen and your income and expenses are in different currencies, then Gold can be a very good option to give your LIQUID asset more weight.

Cryptocurrency

I believe crypto is investment option. It was meant to be currency, but it's still far from such concept. Regulators don't like the whole idea and they will resist decentralizing the power of capital and money instruments to rule societies.

Crypto itself also failed in many ways to act as a currency. Volatility, lack of transaction speed and being so vague in many aspects and examples.

Fraud ICOs and coins also jeopardized the reputation so it will take long again to obtain enough credibility.

conclusion

There was a time, gold was agreed money. If you were talking about paper money issued by a central authority to worth anything, 5000 years ago, people would look at you as wierd as some look now when we talk of crypto!

So don't get fooled by the game, TIME can play. I would suggest an up to date person should have all asset options according to his/her total capital worth.

But what do tou think of a GOLDEN FIAT?
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Just kidding!
I prefer a carbon coated Alfa Romeo!

I will help those who help me grow.

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