In recent times I'm starting to see more reasons why increasing numbers of people may favour decentralised currencies.
1. Inflation being higher than normal in general with low interest rates in banks.
2. Crypto assets basically being in a constant long-term bull trend/stock market on steroids with many outperforming other asset classes.
3. Tightening tax laws, did you know that America recently lowered one of the tax thresholds from $20k to $600? This means that anyone selling just over $600 worth of items on ebay will automatically get a tax bill from the IRS with the assumption that they had a zero-cost basis and all $600 was profit unless they can prove their expenses. This was purposely introduced to go after the poor because they are an easier target who are less likely to challenge it.
4. Banks in general deciding what people can do with their own money or creating more barriers and intrusive checks, also blocking donations to certain causes deemed unacceptable by the state.
Disadvantages are potential future regulations (at least stopping the average person from swapping between FIAT and crypto), risk of losing it all, doesn't seem to be any way to have buyer protection online unless you complete a transaction in person.
My view is that there is less risk/potential loss of opportunity cost by owning at least some crypto than not having any at all. Personally I am happy to have 1-3% of a long-term portfolio in it but not any more due to the high risk, as it would not be an amount I am comfortable with losing.
https://www.cnbc.com/2021/03/26/its-goi ... sales.html
https://www.dailymail.co.uk/news/articl ... order.html