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This is why bitcoin is the superior safe have asset to turn to during a crisis

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Imagine the scenario where there is an inflation crisis where inflation rages back to life, it hits 10% then 20% and keeps going and you need to protect the money in your bank account by turning it into something scarce, or there is a global banking crisis like silicon valley bank where you need to get your money out of the bank ASAP.

As an average person your options are as follows:

1) turn your bank balance into equities using a brokerage feature.

2) find a gold bullion dealer in your area, drive down and use your bank card to buy as much gold as possible before your cards limit is reached, then store it in your home under your bed.

3) go online and open a bitcoin exchange account, transfer your bank balance to the bitcoin exchange, buy bitcoin and then withdraw it to self-custody.

Which one of these options is the easiest and safest.

Option 1 is useless because most brokerages are tied to banks and need banks in order to operate meaning if banks fail you still lose everything or your assets become unreachable (this is the problem with relying on 3rd party intermediaries), and option 2 is unsafe because who wants to store gold coins and bars inside their own home under their bed.

If you have to think quick and want to protect your money as fast as possible then bitcoin is the easiest and quickest asset to buy and it is the easiest and safest to secure.

This is why bitcoin will become the most desired asset to buy when there is an inflation crisis or a banking crisis where you need to act fast to protect the money in your bank account.

People are not going to run to stocks in a brokerage, they are not going to run to gold bars, they are going to run to self custodied bitcoin.

Bitcoin is the superior safe haven asset.

submitted by /u/slvbtc
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