This does not happen that much in human behaviour. Just look at all the people who inherit wealth. If what you said was the most common approach, they would be rare.
even if your savings increase in value over time, investing them in something could increase them even more.
Depends. Over the last year bitcoin has seen a ~20,000% return rate. If bitcoin gets uberpopular (i.e. each coin is worth ~ US$2m) within 20 years, then BitCoin would have a return rate of ~ 85% per year consistantly for the next 20 years. There is practically nothing else with that close an return rate, so the only financially sound course is to hoard your BitCoins, not invest them
This does not happen that much in human behaviour. Just look at all the people who inherit wealth. If what you said was the most common approach, they would be rare.
even if your savings increase in value over time, investing them in something could increase them even more.
Depends. Over the last year bitcoin has seen a ~20,000% return rate. If bitcoin gets uberpopular (i.e. each coin is worth ~ US$2m) within 20 years, then BitCoin would have a return rate of ~ 85% per year consistantly for the next 20 years. There is practically nothing else with that close an return rate, so the only financially sound course is to hoard your BitCoins, not invest them