My father had his life insurance paid out, and it's a significant amount of money for our family. Knowing that its value will get rekkt by inflation, he feels forced to invest it somehow. After staying away from stocks for 25 years since getting destroyed in some dotcom hype stock, he decided to buy a substantial amount of a World ETF via his local bank .. likely, paying a hefty service fee .. he's a turbo Boomer and uncomfortable buying via an own broker.
In classic retail noob fashion, he smash-bought the local top. The Trump tariffs crashed the market, and now my mom is getting nervous and reconsiders the investment.
It's disgusting & predatory that fiat money forces people, even those with zero interest in investing, to move their life savings into risk, so they are not slowly taken from them.
My dad would rather be out in the woods repairing high seats for deer-hunting season, but instead, he has to worry about how to handle his phat bags of ever-debasing fiat shitcoin.
We have to end this nonsense! #Bitcoin
#asknostr #Bitaxe