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What the Holidays Reveal About Our Damaged Relationship With Cash — And How Crypto Can Repair It
What the Holidays Reveal About Our Damaged Relationship With Cash — And How Crypto Can Repair It
Why the short-term spending mindset is the product of contemporary banking and the way a long-term, crypto-minded strategy can repair it.
Right here’s a worrying statistic that got here out of Black Friday 2025:
“A complete of 95% of Black Friday purchasing ($11.2B) was financed.
And, 67% ($7.9B) was financed on debt that customers don't count on to have the ability to pay within the subsequent 30 days.”
(Shared by Adam Cochran)
Whereas I’m certain Klarna is thrilled with its 45% Black Friday growth, these of us in crypto who view the fashionable banking system with mistrust can solely see this as a symptom and an indication that one thing is desperately fallacious with how we view money and time. One thing is damaged.
The fiat financial savings spiral (a brief story)
I used to be by no means an investor, however I used to be a hardcore saver.
Only a one that labored and side-hustled as a result of I believed savers had been rewarded. I needed a bit curiosity, perhaps sufficient for a home deposit sooner or later. Is that a lot for a millennial to ask?…
I didn’t perceive central banking, inflation, or crypto. Quick ahead just a few years and I realised these “financial savings” had been quietly eaten away. They had been tiny in comparison with how a lot home deposits value the place I lived. Who needs to place down what little cash they’ve earned once they had probably the most vitality of their life, on a home they won't personal… properly, ever?
Sadly I didn’t uncover crypto at that second. As an alternative, I did what many individuals do when saving feels pointless: I spent.
I spent on garments, footwear, hobbies, and a handful of garbage on-line programs. At one level, I had 9 pairs of Nike trainers, not as a result of I preferred them (barely worn) or collected them, however most likely for that fast dopamine hit you get from spending. Most of that stuff is gone now, bought or given away.
I’d turn into a product of a system that punishes saving and rewards spending.
Progress at any value, higher-risk spending, a short-term time choice.
These had been my spending habits till 2020…
The 2020 reset
Like a lot of you, 2020 was a 12 months of uncertainty for me…
Fewer freedoms (lockdowns)
Much less management
MORE inflation
I fell down the rabbit gap exhausting, found crypto Twitter and made Bitcoin 60% of my persona (sorry, household).
Slowly, the short-term spending mentality began to reverse…
• I removed issues I didn’t want
• I began pricing issues in crypto
• I began saving once more in exhausting cash
It wasn’t about chasing a pump or getting wealthy fast (wen moon?). It was about taking again management and proudly owning one thing that (for my part) resists the sluggish theft of inflation.
And this brings me again to how we take into consideration spending and saving throughout the holidays…
Rethinking what’s precious
On the time of writing, we’re nearing the tip of the 12 months vacation season.
Let’s be trustworthy, most of what’s in your inbox and vacation purchasing carts proper now might be forgotten by January.
We’re additionally working some gives, however I needed to decelerate and say one thing that feels extra vital.
This season doesn’t should be about speeding to purchase extra. It may be about taking good care of the issues that really matter.
Like your safety. Your future. Your peace of thoughts.
A brand new jacket or trainers may very well be good, however your crypto setup may nonetheless want consideration…
Possibly your backup continues to be solely written on paper.
Possibly you’ve been which means to get a second backup system.
Or perhaps your restoration plan wants a refresh, and you may use some assist exploring Trezor’s extra superior options.
We’ve seen individuals lose entry after accidents that might have been prevented. A stronger setup now may save loads later.
Not sufficient individuals discuss in regards to the silent panic that comes from being in a bull market and never having your safety tight. If you happen to’re not assured in your setup, you’re extra prone to make a mistake.
Shopping for again peace of thoughts
I nonetheless take into consideration these ugly Nike trainers and the bitcoin I may have had as an alternative. It’s a reminder that the short-term dopamine of consuming hardly ever buys long-term satisfaction.
If you happen to’re in the identical boat, this vacation season is a good time to decelerate. Rethink items and safeguard what you already personal.
If you happen to need assistance with that, we're working a Vacation Sale that may enable you to safe your crypto for much less → get up to 30% off Trezor hardware wallets + free worldwide shipping (code: HOLIDAY25). No stress. Only a reminder that defending what issues is one of the best present you may give your self.
— Henry Windle, Senior Content material Marketer at Trezor
What the Holidays Reveal About Our Broken Relationship With Money — And How Crypto Can Fix It was initially revealed in Trezor Blog on Medium, the place persons are persevering with the dialog by highlighting and responding to this story.