Ask leo: Should we save in currency or cryptocurrency during recession?
When the economy of a country hit badly everyone will experience this through high cost of living and everyone will complain about the recession. During this time country will be on run to cut there expenses down not to hit them badly.
Should we save in currency or Cryptocurrency during recession?
Obviously when bad economy hits a country or the whole world, it bring recession and price of market rise and our people start getting things at high rate which brings a lot of complain that things are getting harder for them because they almost use all their generated income to buy things at high rate meanwhile there is no increase in salaries. Living under a bad economy the expenses will now be high than the income. So in the midst of reversing this not to affect our living and cut down our expenses is to indulging in act of saving so the recession won't hit us badly
However, since the money currency always lose value in time of recession and no one knows what will happen tomorrow, maybe tomorrow may get hard than this, the money we save might not worth to buy anything later in the market that is devalue in currency. I see potential in saving with cryptocurrency which will likely brings us good return in the nearest future, so should we consider saving in Cryptocurrency during recession?.
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