SPY is a great investment more than likely to outperform your savings account, but not a way to specifically protect yourself from inflation. SPY comprises of hundreds of mostly solid companies. However, many of those companies stand to get hurt from the rising costs of goods that they need for their products.

Companies pass these extra expenses to consumers by raising prices, but minimum wage is barely budgeting. Rising prices will hurt consumers, and their reduced purchasing power will eventually hurt the companies.

We’ve also got more people leaving the workforce, supply chain issues, and an out of control money printer. This is a toxic mix for inflation, companies, and the economy at large.

Bitcoin is a speculative investment, and it’s not for everyone. However, the decentralized nature of the asset and limited supply protects it from vital issues facing the economy today. People use Bitcoin for overseas payments because it’s more affordable than sending fiat currencies overseas (banks make money from those fiat transactions, giving them a viable reason to dissuade people from buying cryptocurrencies).

Crypto solves problems that currently affect the economy and consumers, but these assets are extremely volatile. I’m not investing in an alt coin like Shiba Inu because that’s more about speculative returns than the coin becoming a mainstream form of payment. If you only buy into a cryptocurrency because Musk hyped it up the results won’t be pretty.

I’m far more heavily invested into index funds than cryptocurrencies and won’t sell those assets just to increase my cryptocurrency position. However, I plan to invest the majority of future payments into cryptocurrencies for the time being to build up the position. Once I’m happy with the position size, I’ll decide where to go from there.