What are the risks of a blackout or internet outage for those with money in banks or cryptocurrencies?
If there is a blackout or prolonged internet failure, the impacts can be serious:
For those with money in the bank:
It will not be possible to make withdrawals, transfers, or PIX.
ATMs and card machines may stop working.
Commerce may come to a halt due to lack of payment methods.
In extreme cases, the government may limit withdrawals or freeze assets.
For those with cryptocurrencies in exchanges:
If the exchange crashes or freezes, you lose temporary or even permanent access.
Centralized exchanges can go bankrupt or suffer attacks.
Without the internet, you cannot move or trade the assets.
Liquidity may disappear and the market may stop.
How to protect yourself:
Keep some cash on hand.
Use cold wallets to securely store your cryptocurrencies.
Have more than one way to access the internet.
Set up a basic survival plan (food, water, energy, etc.).
