Many advisors recommend no more than 3% of a person's wealth be invested in cryptocurrency.

Sam Bankman-Fried was a Ponzi fraudster claiming to be trading in crypto derivatives and cheated thousands out of billion$ including celebrities. He was able to continue to defraud so many for so long by siphoning millions and directing the money to Democrat SuperPACs buying corrupt friends with other people's money.


Currently, no countries widely offer currency redemption in precious metals like gold or silver certificates, similar to the U.S. historical practice. IOW don't expect to find any redeemable cash in any country.

The global monetary system shifted from the gold standard in the mid 20th century. The conference that effectively settled the issue of the U.S. moving off the gold standard was the Bretton Woods Conference, held in July 1944.

Some countries have experimented with or proposed gold-backed currencies, but these are typically not available for general use, or by the general public, like previous U.S. gold and silver certificates were.

In some cases, private entities or financial institutions may claim to offer accounts or products that are backed by precious metals, but this is not the same as state-issued currency redemption.

A very few digital currencies claim to be partially backed by physical gold or other precious metals, but these vary widely in legitimacy and acceptance, and as Sam Bankman-Fried's FTX corporation has shown, flim-flam abounds.

Physical precious metals are often seen as investments or hedges against inflation rather than a direct medium of exchange. They can also be purchased as stock-like ETFs (examples GLD and SLV) and are subject to some degree of inspection by the Securities and Exchange Commission. The ETFs cannot be redeemed for physical metals but have the advantage of not needing to be stored and are safer from physical theft.