I'm going to convert MY ENTIRE WEALTH into BTC, ETH and other hard assets. - Is anyone else thinking about taking the plunge and converting ALL their fiat currency (Dollars, euros, pounds) to BTC and ETh? The more I read about countries balance sheets and their overwhelming debt, the more I think a sovereign debt crisis, default and huge devaluation is likely. Total US Debt is now $33.649 trillion, up $58 billion in one day and up $604 billion in one month... up $20 billion every day, up $833 million every hour. At this rate US debt will be $41 trillion in one year. This could soon spark what Hartnett, a B of A analyst, dubs the "*greatest credit event of all."* Prepare accordingly. I'm moving everything into BTC, ETH and other hard assets like property and gold.
Cryptocurrency
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T Tacitus19 1y Staff

I'm going to convert MY ENTIRE WEALTH into BTC, ETH and other hard assets. - Is anyone else thinking about taking the plunge and converting ALL their fiat currency (Dollars, euros, pounds) to BTC and ETh?

The more I read about countries balance sheets and their overwhelming debt, the more I think a sovereign debt crisis, default and huge devaluation is likely.

Total US Debt is now $33.649 trillion, up $58 billion in one day and up $604 billion in one month... up $20 billion every day, up $833 million every hour.

At this rate US debt will be $41 trillion in one year.

This could soon spark what Hartnett, a B of A analyst, dubs the "greatest credit event of all."

Prepare accordingly. I'm moving everything into BTC, ETH and other hard assets like property and gold.

www.reddit.com/r/CryptoCurrency/comments/17jz1il/…

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What are your thoughts?

Lykshares 1y Staff

In the event of a mass debt crisis, default, bank run, huge devaluation, etc -

Why do you think speculative assets like crypto would survive and come out on top? It would be complete anarchy everywhere.

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