Image by WorldSpectrum from Pixabay

Today one of my friend asked a question in her post and I replied my answer on the comment section of her post. Crypto is virtual gold and it has chances to be valuable, still the use of paper cash exist and we need to carry cash to purchase goods and paying bills. Both are different to me and the need of both in my life is equally important. So my answer was 50-50 and I prefer having 50% cash and 50% crypto if I need to divided my asset.

Right now I've some cash and some crypto coins in my wallet and both are not same for me but both are necessary to me. It was my personal perspective on my personal finance but not necessary this will be same about you. We are getting digital day by day and our cash is also turning to virtual cash as we have online and offline mobile wallet. Crypto is virtual and our keys means our crypto, if somehow keys are stolen, we may lost our valuable crypto, likewise our cash is ours until we give it to others.

There are many developed areas accept crypto payment and still there are huge sector where we pay paper cash and those sectors are not even familiar with crypto so paper cash will be a priority until crypto will take over all kind of cash system available in this world. Maybe the day is not far away because technology making things easy going for us. For now whoever not yet familiar with crypto they will choose 100% cash for any kind of transactions or trading. 

Is there anyone who will choose crypto over cash completely?  I doubt if there anyone exist because it will take time to make crypto as an international currency. No wonder that huge people not even know what is crypto and how it works so cash and bank issued checks are everything for them. For many still Bitcoin is just a name that they only read about it in the newspapers but how it function only few people knows whose belongs to technology field. Crypto for me still a virtual asset that I'm holding like we hold gold inside locker and wait when the price of it will increase.

Cryptocurrency for me like an ocean and coins are like different kind of fishes inside the ocean. For me it is precious and powerful because crypto can ensure financial freedom for lifetime if we know the function of it and how it works. It already gave me financial freedom for last three years or more, so my expectations to it pretty high. Cash is necessary for me as I use it for daily purchases. Both are valuable but incomparable. What do you think about it?

Thanks For Stopping By!!