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The concept of piggy bank

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Do you also keep money in your little pig?

Since we were little, many of us were taught to save part of our money in order to be able to buy the things we want in the future or, failing that, to "have just in case something happens."

However, money that is frozen tends to lose value as time progresses. Why is this happening? The answer is simple, it is because in our countries there is something called inflation.

Surely your parents also told you that the best way to save that money was by buying hard currencies such as the dollar or the euro.

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However, I am very sorry to inform you that these currencies today are no longer as strong as years ago and are only devaluing faster and faster...

What does this all mean?

That with the same money that we saved 5 or 10 years ago, now we can buy less than what we wanted at that time of savings.

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Quite the opposite happened with bitcoin and other cryptocurrencies

10 years ago, 1 BTC allowed us to hopefully buy something to eat or drink. Today, with that same BTC we can buy a car.

And here is the difference, therefore, the invitation is to reflect on whether the correct option is to continue saving in dollars or euros....


The concept of piggy bank | Ecency