First thing you want is control over your money.
The point of savings is preservation of purchasing power.
From investments you seek returns, but savings and investments aren’t really the same things.
Bitcoin has seen a rise in value as a consequence of adoption, but even were adoption to be universal hard money like bitcoin will hold value over time relative to fiat currencies that are debased by their monetary authorities.
I’m not aware of bitcoin being hacked.
I’ve seen over and over where third parties have been hacked (or claimed to have been hacked) and they consequently claim their exchange wallet was surreptitiously accessed, but I’ve never heard of that happening to someone with custody over their own bitcoin.
If you think you have crypto, but you don’t actually have access to transfer while someone else does, you are missing a big point of crypto. We’ll see people with that kind of thinking get robbed over and over.
The risk associated with keeping your money in the banking system is that the monetary authorities debase it per policy. Based on official figures the USD has suffered a 40% decline in purchasing power in just the last 20 years.
That’s not a small risk being absorbed.
The U.S. dollar has lost 40% its value since 2002
Updated: November 10, 2022
$100 in 2002 is equivalent in purchasing power to about $165.65 today, an increase of $65.65 over 20 years. The dollar had an average inflation rate of 2.56% per year between 2002 and today, producing a cumulative price increase of 65.65%.
This means that today's prices are 1.66 times higher than average prices since 2002, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 60.368% of what it could buy back then.
