What would I do with a thousand Dollars?

Hey everyone, I found this cool community and weekly contest last week and I like the topic so let's continue making them, the question for this week is:

If You Had $1,000 Today, What Would You Do

To find out how you can participate in this challenge yourself, check out the original post here.

And the funny thing is... I actually HAD a thousand dollar to spend last week, I have a little stock investment account for my two daughters so when they grow up and leave the house, I can give this to them as a little extra. I started this with €500 for both of them when Covid started and I could see the money printers going crazy so I had to do something with the funds that wasn't affected as much by inflation. My wife didn't agree so we had a compromise to save half in FIAT and half in primarily crypto but I am digressing here...

Last month, when Silver started to rally I sold the Silver ETF's I owned because I didn't feel this parabolic trend could continue, the way the stock market works is pretty annoying when you're in to crypto because you have to wait until the market reopens on monday, so I made a market sell order and on monday I received the email my transaction was executed, I sold all Silver I owned but I didn't know what to do with it since I'm not a stocks expert so I just let the funds sit there for a while and I watched almost every asset in the world go up, except crypto... that's odd but also a chance I think, I have to say this is not financial advice and always do you own research! 😋

When we look at the decoupling for the M2 money supply versus Bitcoin, it's actually pretty crazy.

Again, I am not an expert at all in things like this I just apply plain old logic on this but can you see what happened in November last year? The blue and yellow lines crossed, I think it's yellow but I am slightly colorblind but there are only two lines so you get the point... 😄
Later in January things got real crazy, the blue line is going up fast so this means more money is being created in which I can only assume they started printing more money again, at the same time the bitcoin price dropped hard, sounds bad right?

I believe at some point this has to return and bitcoin, as well as ethereum are very undervalued at the moment.

So, I logged back in to my broker and see that I had €880 ($1039) free to invest, I decided to put half of that in a bitcoin ETF and half in an ethereum ETF, they are both physically backed.

Why would you choose that option, and what long-term impact would it have on your life?

I don't care at all what the price does short term, I believe in the hardness of both of these assets since it's something governments can't create more of so I will just comfortably let it sit there.

Everything governments can create more of (print money) they will absolutely will, housing prices in my country proves this, it's not my house that's worth 100% more within ten years but it's money that's lost it's value.

The long term impact is not on my life but on the lives of my kids, this of course isn't life changing money, at least not in my part of the world but over time it can really grow and it's not the only crypto I am saving for them, this was just the free money on my stock account.

Well, thanks for stopping by and I am looking forward to next weeks post, enjoy your Sunday! 😊