But the problem with fiat is if you try to save it for the future generations. For example, my parents worked about 45 years and what they saved now are worth a few thousand EUR.
Fiat is not meant to be a long term store of value, but a fluid means of payment.
But if you think crypto is going to be a long term store of value, "for future generations", you are out of your mind.
If you buy crypto so that it rises, it means you're counting on someone paying MORE for it than you did: a greater fool. If most of the people buying crypto do this for that reason, this is a greater fool game, that stops when you run out of greater fools. No expectation of greater fool any more, no incentive to buy. No incentive to buy, no more price rise. Big crash.
Crypto is still new, there's a lot of greater fools to get to the game before you run out of it. So you can still hope not to be in the last layer. But hoping that your grand children will still find greater fools, is crazy.
My only interest in crypto resides in the fact that it can serve as subversive payment system, hidden from state to give economic liberty to those wanting it (from exchanging goods and labor without the state stealing taxes on it, over dark markets to financing activities the state wants to avoid).
