My previous post "Use your money wisely. Invest or deposit ?" is a very hot topic which receives over 3000 views and more than 240 replies. I read all of your replies and summarize to one common advice: invest in Bitcoin rather than deposit in banks. To be frank, I totally agree and believe this is a great option (of course not put all eggs in one basket). The question is that most people say that 3% of deposit interest rate is nothing compared to inflation rate so deposit would be the last option if they had that amount of money. Well, in real life, I think 3% is quite good enough for deposit only if your other passive income combined is more than your expenses. Please let me explain. Your passive income is $1000 per month, and your salary is $1500/month. Passive income comes from the rental of the house your parents gave you or left you. Salary is from your regular and stable job. Your monthly expenses come to $1000 to $1500. The annual interest from the $100,000 is $3000, which means $250 per month. The rental income plus the interst sums to $1250/month and this money can cover your monthly expenses. In this situation, why don't you deposit that amount of money and feel no worries about your finances ? See, your passive income here can pretty much offset the inflation but that 3% is actually a compound interest rate which brings you more money every year. Plus, your salary of $1500/month, can also be saved in your bank account to earn more money. You know my point here ? I am trying to implement this deposit thing in real situation and find a possibility to benefit from.
Total dependence on Passive income is not a good idea but passive income can be a good source of retirement income because it can provide a steady stream of income without the need to continue working. However, it's important to diversify your sources of income and not rely solely on passive income, as it may not always be reliable or sufficient to meet your living expenses. It's a good idea to have a mix of passive and active income sources in retirement.
In general, the return on bank deposits is lower than the rate of inflation, that's why I think it is a better idea to invest in Bitcoin on regular basis in bear market and wait for return of bull run to harvest huge returns which can be deposited in bank or use it for investing in real estate to increase passive income.