Some things you shouldn't use Bitcoin for: * Emergency cash reserve * Save to buy a Lambo next year Some things it can be reasonable to use Bitcoin for: * Protection from political risks * As part of balanced portfolio, save for >4 year goals e.g. retirement, education, legacy
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What do u recommended for emergency cash reserves? Assuming u were in the UK and your local currency might be about to go down the pan
I don't know why there would be a suddenly larger chance of that in UK than in the past, but if your local currency suddenly depreciates you are SOL for emergency cash reserves (i.e. reserves you may need to spend at any time & need intact then). Some places paper $ or gold work.
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seems to me the future of the pound depends how our central bank deal with Brexit (or no Brexit, whatever happens). But I'll defer to your expertise if you think its not especially larger, and look into gold. Thanks for replying!
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I'm not an expert on the pound or the euro, just going by the market signals in this case. If you have better information than the currency markets it's a profit opportunity for you, by all means figure out deal(s) you can do to profit from it.
End of conversation
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