Why is it profitable to keep your savings in a limited emission cryptocurrency?

 Cryptocurrency is an electronic form of fiduciary money. This means that its cost does not have a commodity equivalent, so it is mainly regulated only by "agreement" between all users, in a simple way, by demand. If all merchants on earth at the same time stop accepting this means of payment and exchange for money or goods, the value of the crypt will instantly drop to 0. In this it is not much different from any other national currency. For example, the value of the Russian ruble has no correlation with the amount of gold reserves in the gold and foreign exchange fund of the Russian Federation, and in fact, it would be a simple piece of paper if it were not for the federal law, which defined it as a security.

Cons of national currencies

Foreign currencies

The euro and dollar are considered extremely stable instruments for saving money, but they are also subject to the main problem of all currencies - inflation. For $ 20 a decade ago, you could buy more goods in the United States than now. The central banks of all countries, albeit with restrictions, but constantly re-print money, which causes a gradual depreciation. Commodity-market relations are based on a simple principle:

And national currencies are no exception.

The main advantage of limited emission cryptocurrency

It is not subject to inflation at all, moreover, while maintaining a stable demand, the actual value of the coin will only grow. The fact is that when such a crypt is created, its maximum number in the world is declared and this value cannot be changed. Accordingly, the less coins available for decryption are left, the higher their price. For example, the value of the oldest and most popular cryptocurrency Bitcoin has already exceeded 42 thousand dollars and it is likely to grow until the last 21 millionth coin is mined.

What is your opinion on crypto and fiat?