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My Great GrandPa saved 1,000,000 PKR in a bank which was worth $313,000 back in 1955. Today it is worth just $2850 and they call cryptocurrencies a scam.

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by COINS NEWS 88 Views

My great grandpa during 1955 saved 1 million pakistani rupees in a bank. He had this idea that these money will go on to help his future generations. My grandfather(his son) never used a penny and he even saved the interests. Later, he bought some cash bonds worth 1 million. These were cashed out back in 2016 which was worth $12000.

Today if they were still saved, it wouldve only got my great grandfather an iphone. The irony is, not only the currency of pakistan devalued, but inflation touched its core peak where you cant even but something thats worth buying or useful.

And these banks run an agenda through their PRs that cryptocurrencies are a scam and why we should avoid them. Bitcoin is not real and can only lose you money. If bitcoin loses 95% of its value, it regains 67097% back. But your controlled currencies only hold the downward trend.

submitted by /u/Digi_Ammaz
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