We have been blessed with the ability to become early adopters. This sentence is in essence the sentiment of many BTC holders who are into this game for the long run. Many people who decided to buy Bitcoin do not want to sell their tokens which is indicated by the fact that about 62% of all created BTC wallet addresses never had any transactions that would send out coins. They only buy.
The HODL is an excellent choice when you look at banks
The banking system is very expensive which is something that many people do not notice until they start using it. For example, sending money from Germany to any US bank will cost you anywhere from $35 to $50 depending on the bank you are using not considering a percentage-based commission. The same situation is in other European countries. They say that the paperwork and time consumed by processing the transaction are reasons why such high price tags are found everywhere.
You would think that online financial services would solve this issue by lowering fees, but even within the US Western Union can be very expensive. Even PayPal has hidden costs that are applied to some interstate transactions.
The current banking system is nothing but a scam. At least, that is what many people think when they are getting into crypto to pay less than 0.1% when using something like TRON. While BTC and ETH transactions are quite expensive, they are often cheaper when you consider how much money you can move with a single transaction.
The future of the global digital economy is crypto
Many countries are thinking about using the crypto model in their monetary systems. The sudden trend to introduce CBDC is evidence of the growing interest of developed economies in the cryptocurrency concept. However, centralized and backed by fiat currency tokens that central banks will issue are not what we all imagined in our perfect utopias with crypto everywhere.
Nevertheless, even in such a form, cryptocurrencies will be much better than banks!