IT’S NOT BITCOIN YOU SHOULD BE WORRIED ABOUT…
With the current geopolitical situation, especially the US–Iran tensions, it’s not Bitcoin you should be worried about… it’s your cash.
Bitcoin was designed to be resistant to monetary instability. Even if the price drops in the short term, the long-term outlook remains bullish.
The real question is not whether $BTC will go up or down.
The real question is: what about your cash?
Your fiat. Your savings sitting in the bank.
The current situation could weigh heavily on oil prices, and that can directly affect other goods and services.
When oil prices rise, it impacts directly, transport costs increase, petrochemicals (plastics, agricultural fertilizers (essential to feed the planet), medicines, synthetic clothing and asphalt for roads), and everything linked to energy tends to move up
which directly introduces inflation
So the real question is: how do you maintain your purchasing power? how do you protect it?
Here are three ideas to consider.
First, Bitcoin remains a strong asset for the long term.
But in the short term, for daily expenses, Bitcoin is still too volatile compared to fiat currencies in which goods and services are priced.
That’s why most of the crypto community still relies on cash for day-to-day spending, while using Bitcoin as a long-term store of value.
So for short-term purchasing power, you can consider holding a mix of currencies:
> USD for its global utility and deep liquidity as the world’s main reserve currency
> CAD (Canadian dollar), which can benefit from rising oil prices since Canada is a major oil exporter (though not perfectly correlated)
> CHF (Swiss franc), For protection against geopolitical chaos.
Think about it.
