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0 sats \ 2 replies \ @kilianbuhn 12 Jul 2022 \ parent \ on: Will Europeans now buy bitcoins, usd or stay with the Euro? bitcoin
I never understood why anyone would exchange one fiat currency for another.
Except if it's trading/speculation/hedging.
But for everything long term and especially in personal finance it makes no sense. Fiat currencies go down by design.
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3 sats \ 1 reply \ @moon 12 Jul 2022
Well if you look how ECB is dealing with things, negative interest rates for years, no sign of rate hikes, while they printed a lot during pandemic... at least the US is increasing rates now.
I would rather keep say 50% of cash in each (EUR, USD) than 100% EUR. Diversification.
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0 sats \ 0 replies \ @kilianbuhn 12 Jul 2022
Why do you have fiat in your asset allocation at all?
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