Saving in Bitcoin vs. saving in ETF
Hey guys, so i got into an argument with a fiat lover friend, and was advocating for a hard money standard and stating that one part of housing becoming increasingly expensive is that people are saving their wealth in real estate, that is hard to create, with credit that is made out of basically magic dust. He argued that you could use diluted ETFs like MSCI World that everyone with a bank account could save in and still outperform inflation and build up wealth. I argued that we (in germany) have 25% taxes on capital gains which would not be there if we could save in euro. I struggled to find other points that are not about things like state control or anonymity. What do you think are benefits of hard money compared to ETFs? Or why would you say bitcoin is superior in a financial sense? Thanks for your ideas. submitted by /u/mrsitre [link] [comments]
Hey guys, so i got into an argument with a fiat lover friend, and was advocating for a hard money standard and stating that one part of housing becoming increasingly expensive is that people are saving their wealth in real estate, that is hard to create, with credit that is made out of basically magic dust. He argued that you could use diluted ETFs like MSCI World that everyone with a bank account could save in and still outperform inflation and build up wealth. I argued that we (in germany) have 25% taxes on capital gains which would not be there if we could save in euro. I struggled to find other points that are not about things like state control or anonymity. What do you think are benefits of hard money compared to ETFs? Or why would you say bitcoin is superior in a financial sense? Thanks for your ideas.
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