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Showing posts from March 20, 2023

How Hyperinflation could cause Bitcoin to reach 1M USD per Coin

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    Photo by regularguy.eth on Unsplash In recent news, the possibility of hyperinflation of the US dollar has been a topic of concern among financial experts. With the Biden administration's $1.9 trillion stimulus package and the ongoing COVID-19 pandemic, there are fears that the dollar may lose its value, which could have a ripple effect on the global economy. Hyperinflation refers to a rapid and uncontrollable increase in the price of goods and services. When a country's currency is hit by hyperinflation, it can lead to the devaluation of the currency, making it almost worthless. This scenario is particularly concerning for the US dollar, which is the world's reserve currency and the backbone of the global economy. However, the rise of Bitcoin, a decentralized digital currency, could provide a safe haven for investors looking to protect their wealth in the face of a potential currency collapse. Bitcoin, which is not tied to any government or central authority, has seen...

How to Preserve Your Wealth in 2023

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  Photo by Jingming Pan on Unsplash      Its a very tough economic situation in America right now. Many families and adults are convinced you can't save any amount of money in 2023. While that may be partially true, anyone in any situation good or bad, has room to save somewhere. The main focus is not only the people struggling, but also the people who just landed that dream job and have some new disposable income. They are going to be the ones who benefit the most. If you feel like you don't have a dime to spare one of the best ways to start building a savings is to open an investment account. An investment account is basically the start of your wealth preservation journey. Once you've opened an investment account try starting small like maybe 20$ deposited. You can do 20-40$ every week with the occasional 60-70$ deposits. Within a few months you'll have saved up over 600$. This is a less disciplined approach and is just accounting for extra cash you have lying aro...