/biz/ - Business & Finance

So, you've just spent the last ten years working your ass off and saving up money in hopes of buying/achieving your dream x. But all of a sudden CRYPTOCURRENCIES evaporate your wealth? All the crypto youtubers preach of the day when fiat currency becomes worthless and theres large scale adoption of, say, ETH. But what happens to the wealth that was earned in the current system? Surely, if banks go towards a digital currency, then wont the wealth that has been earned in the current system just be transferred to the future system? So for instance, if I have $10,000 then banks say, "Ok pack it up we're moving to a CBDC" wouldn't they just translate the $10,000 into a stable coin type crypto created by them or some sort of other crypto asset as to not completely KEK people who have massive skin in the game in this current system? Would the wealth in this system be transferred into the new system?

*Unless full decentralization were achieved, eliminating central banks and such. And we just move to peer to peer transacting.* in which case I'd agree to buy ETH/LINK/BTC or whatever

But, if wealth were to be transferred to the new system, what exactly is the point of investing in crypto at all right now? Seems like central bankies will just create their own shit and they'll have to build a bridge for peasants to cross over.

Idk pls help a lowly brainlet understand. thank you

Is BPMX worth buying still? It already shot up 20%... Don't want to Fomo.