11/17/2022
Sure...lets change the dollar to crypto...what could possibly go wrong? Exactly one year ago Bitcoin sold for $64,400.00. Today Bitcoin is valued at $16,400.00, approximately 75% lost value in just 12 months compared to the dollar which also lost much of its value in that same time. Actual loss in buying power for Bitcoin was 85%.
This is one of a hundred reasons I believe commercial real estate is still the best investment for both short & long-term financial goals.
My 2 cents as a real estate broker who was previously licensed by the S.E.C. to sell insurance, annuities & mutual fund investments in the late 1980's.