Fear of FIAT collapse

I made a comment on a post in r/personalfinancecanada and the post was about someone asking if they should be saving in Canadian dollars with such high inflation.

All I said was how due to currency debasement and the problems with FIAT currency, one should not save in FIAT and only have 3-6 months of expenses in FIAT and invest the rest. I said how I think we have entered an inflationary period and it's going to get worse.

I never mentioned Bitcoin or suggested it and the amount of downvotes and backlash was very interesting. One guy checked my account and said "ah the average wisdom of a r/Bitcoin member" or something like that.

It was just very interesting to see people's defense toward FIAT and the amount of hatred towards Bitcoin. I guess they just have so much trust in the system that when someone says otherwise they get defensive.

We are so early



Submitted June 28, 2022 at 10:58PM by msamuelem https://ift.tt/7CVjYJI

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