Chris’ note: This week, we’re focusing on the biggest risk to your wealth – inflation. Yesterday, Dave Forest shared why inflation will keep rising in 2022. Now, we’ll move on to the investments that can help you come out on top of this silent killer of retirement and buying power.
Today, world-renowned crypto investing expert Teeka Tiwari shows why bitcoin and other cryptos are such great inflation busters. They won’t just preserve your buying power… they’ll help you increase it.
As I write this, you’re being robbed… you just don’t know it.
The culprit is inflation.
It’s the silent killer of retirement. It slowly eats away at your dollars and shrinks your savings before you know what’s happening.
And thanks to the government’s reckless money-printing, it’s only getting worse.
We’re now seeing an annual inflation rate more than 3.5x higher than what we experienced over the last decade.
Over the last decade alone, your money has lost 18.5% of its purchasing power.
That’s outrageous. It means you’d now pay around $122 for the same item that cost you $100 back in 2011.
That’s just the damage from relatively tame inflation – roughly 1.9% a year. We’ve now reached an annual inflation rate of 6.8%.
At this pace – measured by the government’s own inflation gauge – if you stuff your dollars under your mattress, you’ll lose 51% of your purchasing power over the next decade…
If you’ve been scrimping and saving to build a nest egg of $100,000… 10 years from now, it’ll be worth only $49,000.
If that isn’t highway robbery, I don’t know what is. But it’s possible for you to come out ahead of inflation…
According to a recent survey by investment firm Charles Schwab (SCHW), the average American worker believes they’ll need to save at least $1.7 million to retire comfortably. However, the average American in their 50s has only $203,000 in retirement savings.
That’s a $1.5 million gap. And it doesn’t account for inflation.
So most Americans have an even deeper hole to dig out of just to reach the basic standard for a comfortable retirement.
That’s why I’ve been recommending alternative investments like bitcoin (BTC) and altcoins (cryptocurrencies other than bitcoin) for the past five years.
As I’ve explained many times in the past, the Federal Reserve can print as much money as it likes. But no one can make more bitcoin than the limit hardwired in its code.
This is why bitcoin has wildly outpaced any other currency or investment you can think of over the past decade.
Smart people realize it’s one of the best ways to protect – and even increase – their purchasing power in the face of rampant money-printing and rising inflation.
But you don’t have to take my word for it…
In August, professional services firm Deloitte surveyed thousands of executives across Asia, Europe, and the Americas. 76% of them said they believe digital assets will serve as a strong alternative to – or outright replacement for – fiat currencies in the next 5 to 10 years.
These executives are some of the wealthiest and most connected people in the world. And they’re saying assets like bitcoin will replace fiat currency.
This is something I’ve been predicting for years. And it’s finally coming to pass.
If you need a better illustration of bitcoin’s performance, take a look at this recent tweet from Alex Gladstein, a bitcoin advocate who works for the Human Rights Foundation.
I first recommended bitcoin to my Palm Beach Confidential subscribers back in April 2016. I recommended ether (ETH), the world’s second-largest crypto by market cap, at the same time.
They’ve since returned 12,913% and 44,523%, respectively. Those gains are high enough to combat some of the worst bouts of hyperinflation in history.
And some altcoins do even better than that.
Friends, in my opinion, the world’s central banks are undertaking one of the greatest thefts in human history.
You should be flocking to assets that can bridge the gap between the financial life you have… and the one you want.
If you haven’t yet built a position in bitcoin, you can download our free one-page bitcoin buying guide here.
Let the Game Come to You!
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Teeka Tiwari
Editor, Palm Beach Daily