The answer is not to convert it to cash. The answer is to use it as currency and neuter the government and central banks. That was ALWAYS the point of crypto. Canadians need to start using it as currency INSTEAD of their national currency.
Convert it into gold, the real money through the ages.
I'm no longer interested in Gold/Silver. Gold unfortunately isn't functional enough in modern society to actually be used as a currency, except maybe in some limited barter scenarios, but even in a barter scenario, the average person will be very hesitant to trade for it because they won't understand the value.
Bitcoin(or crypto in general) is a much better hedge against inflation, poor government monetary policy, and economic collapse.
Gold would be a better hedge if that scenario includes the loss of power/internet, as of course bitcoin is useless without those. But, I got to be honest, if that is the only scenario I'm hedging against, I'd rather buy ammo, food, and supplies. That would be a much higher return on investment than gold.
I just don't see the use case for Gold.
(post is archived)