The reason why I put all my savings into cryptocurrency

This was the most recent email I received from my bank:

The interest rate on your savings account is going down soon.

Rate up until 15th October: 0.05%

Rate from 16th October: 0.01%

I know I could probably get a slightly higher rate if I had more money and was a more important customer but that’s besides the point.

Even if you help 100k in this account, annually you would get £10 annual interest. That’s ridiculous.

Even using the most basic of methods you can earn much higher rates with crypto. Coinbase offers 2% on DAI, which is a stable coin, you can get 5% on COSMOS, 5% on XTZ.

This is with no effort, if you really look further into staking you can get even higher percentage returns.

I’m not saying you should put everything you own into crypto, however it’s hard to ignore the much higher interest rates, even with the risk factor.

edit: just to make it clear, I don’t keep £0 in my bank, I’ve got money there to cover what I need and some extra in case anything goes wrong. But everything after that goes into crypto. Everyone is going to be different, I’m young and it’s easier for me to do risky things. Don’t YOLO your kids inheritance into DOGE…