Over the past decades, we've all seen how interest rates given by banks on traditional savings accounts have dropped. With banks giving less than a tenth of a percent or even negative interest rates, it seems useless to keep your money in a savings account. In fact, when considering inflation and the cost of owning a savings account, you actually just lose money.
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Putting your hard-earned funds into stocks bonds or crypto could be an option. But each of these come with their own risks. But what about HBD as an investment?
With the changes made to HBD over the past year, it seems like it is now quite a stable coin. Combining this with the 12% interest rate currently given, investing in HBD might not be such a bad idea. Of course, it is still not completely risk-free. But you could consider it as a sort of middle ground between hard crypto and putting your money in a bank.
Would love to hear some expert opinion on this. Is it reckless to dump your cash into HBD?