Should cryptocurrencies offer a 'savings account' feature?

in #crptocurrency18 days ago

During a period of market instability and a significant downturn in the overall crypto market, I couldn't help but think of the conventional bank savings accounts where your money could be stored and still accrue interest. Just envision being able to save Bitcoin and earn interest on it during a downturn, then reap double profits when it rebounds. It's too risky not to have a means to safeguard your assets and profits during market downturns while awaiting favorable conditions.

Implementing initiatives like Bitget's May Savings Carnival did across all cryptocurrency platforms could greatly assist traders in protecting their assets from the volatile nature of the crypto market. I know firsthand that having such options available could have prevented me from losing my assets three years ago, right after making profits during the massive bull market surge.

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