I'm not the best at searching, so I can use your help. My husband passed away mid-January (covid) and left modest wealth in savings, deferred comp and life insurance. I've been meeting with various investment people - none of whom impressed me. My primary concern is protecting it for my adult son. I know the old saw about crypto and gold, but I don't know enough about either to feel confident that they're a good choice. So I'm wondering what Q has to say
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I travel a LOT and Ive never been anywhere that accepted crypto as payment. In or out of this country.
Crypto is the biggest ponzi scheme in human history imo.
A communist chinese invention that has suckered the world for hundreds of billions. And at a massive energy cost no less.
It was supposed to be safe and anonymous, but neither are true. Accounts have been hacked for billions repeatedly. Wallets have been hacked and its all tracked. You can track transactions like any other. Its a scam.
Crypto debit cards are super easy to get so basically you can buy anything and everything with it. Ofcourae at that point you are loosing privacy but you can just send small amounts you need to the card withou anyone knowing how much you rly own
Crypto ATMs are a thing, you can just withdraw what you need
LOTS if not majority of big online shops / services now support direct crypto payment
There are MANY options how you can spend crypto if you want..
Regardimg security, wallets are completely safe if you spend hour or two researching how to store crypto safely
Regarding tracking, you are correct that if you buy crypto via credit card o any exchange, it gets tracked all the way even if u send the coins from the exchange. To be anonymous buy locally from a person/miner via services like localbitcoin or use crypto ATM without KYC. Also dont use mobile / browser wallets as the main storage