It is absolutely wild to think that crypto right now might be your safest investment

First off, when I say crypto I mean Bitcoin, Ethereum and a few other top altcoins, though I do say that with some hesitancy. But the thing is that banks are at the centre of traditional finance. We just saw Credit Suisse, easily one of the biggest banks in the world, get acquired, in what effectively amounts to them failing even with a Swiss government bailout. SVB was already a top 20 American bank.

In essence, when banks fail everything starts to fail, the same way when the economy is strong banks do well. Banks are the centre of credit for essentially everything, and in a world where everything is run on debt, almost everything starts and ends with banks, at least outside of direct government spending.

Credit default swaps aka bank insurance rates have shot up, bank lines of credit are all but nonexistent and public trust is at near the all time low. And in a time when banks don’t want to lend to add any more risk, the Fed wants to raise rates, who knows if they’ll follow through everything traditional finance related in under heavy stress,.

So in a world run on debt, when banks no longer provide debt, everything tends to implode. And when everything is imploding where can you put your money. By now you must have been in or heard conversations with (previously) crypto-averse individuals who they were basically stuck between a rock and a hard place. The only other investment is silver and gold, but if everything does indeed collapse, who is to show that you actually own the precious metals you lay claim to? Most people don’t have the capability to store the gold and must depend on some custodian. And our saying in crypto is very relevant, and similar to that of gold-bugs, if you don’t hold it you don’t own it.

Stocks are there but there’s too high a chance that any one of those companies or industries will be affected by what will probably be a recession, and a fairly deep one at that.

So again, everything mostly boils down to buying crypto to hold as your “safe investment”. This is of course assuming you know the basics of wallet management and security. But the point stands that crypto is the least likely poised to lose you money at least directly from market losses, it is possibly your safest investment. Which, just a week ago, would have been a crazy idea to the masses. But look at it now.