Should USD savers be concerned about the rising popularity of cryptocurrencies?
I recently took an interest in cryptocurrencies. Mostly, I'm interested Ethereum and Smart Contracts, but all the news about Bitcoin's rising price has prompted me to study currencies and economics in general.
I've spent a lifetime using traditional banking and finance systems and saving US dollars. I've financed homes, cars, and healthcare. I've paid hundreds of thousands in taxes in some form or another, and thousands in fees for bankers and companies to "manage" my money. The point being, there are so many middlemen in each of these industries who get a cut. Not to mention the ultimate tax, inflation. A lifetime of retirement savings can quickly be diminished by all of these things, and then there are cryptocurrencies. The next generations are embracing this technology and it's only accelerating for similar reasons.
Should people that have spent a lifetime saving USD be concerned about the impact alternative currencies will have on the future value of their savings?
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