The way to increase money that gives users the most peace of mind is through a bank account with good interest. Assuming the currency is strong (dollar, euro, pound sterling, etc.) and the interest beats inflation, the latter being increasingly difficult.
This is not only the way that offers the most peace of mind, but also the most popular. Why? This is due to many factors:
- It's the easiest way to calculate how much you'll have at the end of the year. There's no risk of $100 turning into $50 due to a market downturn.
- You can access the money in your bank account whenever you want; you don't need to place a sell order and wait for it to execute, nor calculate and deduct the taxes on that sale. This is extremely important for those who practically live paycheck to paycheck.
- It was the first way for most people to secure and protect value, and therefore the one they understand the most and trust the most.
Unfortunately, fewer and fewer banks offer accounts with interest rates higher than the inflation rate. Those who do so impose conditions and/or additional services that limit or cancel the benefits of guaranteed interest. Ultimately, the true intentions of these institutions are not to help people, but to make a profit thanks to them (or despite them).
There are alternatives that perhaps offer us the same level of security against volatility, but which are not a completely liquid asset like US Treasury bonds.
Crypto Alternative to Bank Accounts...
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