Why do people still invest in fixed deposit/endowment plans/sign ILPs with high fees when crypto provides high APY?

I do agree ILPs are some of the worst financial products in the financial ecosystem - sold mostly by commission hunting planners...I mean c'mon, with the options available these days, if I need to lock in my $$ for 10 years, I would expect a guaranteed 10% PA returns but current ILPs returns are nowhere near 10% PA, coupled with high fees etc. Totally irrelevant product...to answer your question, I guess some planners are still pretty persuasive? Then again, I don't think it's not too wise to compare ILPs/fixed Ds with crypto staking, the risk levels are so different...a better comparison would be Robo investment with the option to choose your own risk level.

When you think longterm 15-18% is never sustainable

This APY. why bother with endowment and fix D or ILP.

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but then again im still finding out more about this project so this post is just for fun something lite hearted for the weekend.

The case of the greater fool but then again indulge in alittle or perhaps a bigger stake in accordance to one's risk appetitte.