Lifestyle

Why Physical Money Can Kiss Digital Money’s Ass.

In the last five years alone, the function of money has changed substantially. Thanks

to the internet, mobile apps, and crypto less and less people are dealing with physical

money. I think this is only the beginning and quite frankly here’s why.

CBDCs are now seriously being considered.

Brown Concrete Building Under Blue Sky

The Federal Reserve has announced that while they haven’t yet made a decision,

they will be seriously considering the concept of migrating over to a digital currency

system.

I’d like to mention that this is coming off of years of pushback over the adoption of

digital currency. For a long time decentralization was viewed as a threat to our

financial system and its no coincidence as to why. Digital systems offer more

efficiency and give more control to retail investors. Two things the federal financial

system are not happy about. Its also worth mentioning that companies like Ripple

have played a huge role in the adoption of digital currency. Its a large reason why the

Federal Reserve is now looking deeper into the potential of digital currency more than

ever before.

Space is already being etched out for more financial inclusiveness.

Person Holding Black Android Smartphone

With the rise of cryptos like Bitcoin, Ethereum, Ripple and Polygon crypto has made

digital currency more prevalent than ever before. At this point it’s unavoidable. Bout

damn time! I’ve been a huge supporter of crypto since 2016 and I think crypto is only

going to push the importance of digital currency.

What I love about it is the level of independence and retail investors now have when it

comes to their money. At this point, you can just pull out your phone and build a

legitimate portfolio. With Coinbase and Gemini gaining more attention every single

day its no surprise that digital currency is doing its damn thing.

The inflation rate is largely due to the way we print our money.

Person Holding Black Ceramic Pig Coin Bank

So I don’t know if you’ve heard, but your money isn’t worth much. The Fed Reserve

keeps on printing money like it’s going out of style. And guess what, the only people

who suffer are people like you and I. So why support physical currency? It’s printed at

an uncontrollable rate, its value only goes down, and it can’t buy much for you these

days.

I’d much rather hold digital assets that carry more value and can be used

seamlessly across multiple payment systems. Imagine paying for your takeout with a

digital token. Or donating one dollar in digital currency to Heifer every time you shop

at the grocery store. Digital currency can provide transperancy to the way our

financial system handles money and I’m 100% on board.

More digital innovations mean a higher ceiling for monetary gain.

Person Using Cellphone Holding A Bitcoin

It’s no secret. If you play your cards right, you could make a boat load of money

holding digital currencies. And no I’m not just talking about a couple hundred dollars. I

know people who’ve literally bought homes with their crypto portfolio. And the beauty

of it? The wave has just begun. If you do the research, you could be one investment

away from investing in the biggest digital currency of the future. Keep in mind, this is

not financial advice. I’m just calling it how I see it. Digital currency is here to stay so

the earlier you can learn about it, the better.

How do you feel about digital currency?