Protecting your wealth is far more important than trying to augment your wealth. Currently there are high uncertainties in the financial markets today & a HUGE DEBT that a financial crash is way overdue!
as you know some of the things causing the uncertainties at the moment are:
- BREXIT
- HUGE DEBT
- Currencies are falling in value such as the Pound & the Chinese Yuan!
- Deutsche Bank is in very difficult times!
- The US Dollar is really inflated! (Huge Bubble)
- Bank Bail-ins are happening.
- Negative Interest rates.
- The US Elections etc....
So where should one put a portion of their wealth?
I believe Bitcoin is a safe port for a portion of your wealth in this storm which is heading are way!
I would also store the Bitcoins on a Trezor which is a Bitcoin Hard wallet
When the financial crash does happen you can bet that the price of bitcoin will shoot upwards as money flows in further!
So investing 5 to 10% of your wealth in Bitcoin is a wise move....
The storm is coming...
If you missed my previous post
Manage Risk & Augment Your Wealth Steemers!!! read it here https://steemit.com/investments/@stillsafe/manage-risk-and-augment-your-wealth-steemers
I hope you find this post valuable and please resteem and upvote if you do!
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CREDIT: Images used in this post were taken from google images.