True Wealth Ownership: Greeks and Chinese Learn the Hard WayThink your money is safe in the bank? In stocks? In bonds? Think again.
To put it simply, when you store wealth with traditional financial institutions there is no guarantee of future access. Governments and banks can freeze or seize your funds at will. If your government decides you shouldn't have access to your funds anymore then there is no recourse, your family's wealth is gone. Furthermore, with traditional currencies, governments have sole control over the monetary supply, and through the creation of more currency they essentially devalue any funds you currently hold. The current system relies on trust, trust in your government and institutions to act responsibly to protect your wealth. In America and much of the developed world, citizens overwhelmingly trust their governments to act in their best interests, but in places where that trust has eroded, the system fails.
https://www.coinprices.io/articles/true-wealth-ownership-greeks-and-chinese-learn-the-hard-way Hopefully the citizens start learning from the fact money in the bank means money prone to be victim of big haircuts, capital control etc. The Argentinians are vastly versed on this matter, hence why in Argentina Bitcoin is a big thing and there's tons of activity happening. But make no mistake, those making use of Bitcoin are still a small minority of in-the-know geeks or people that know about investments and have a knowledge in economics, the average JOE isn't aware on BTC and will be late to the party as always. It's a still a long way to go for BTC to be used by the masses. We are the pioneers.
