Bitcoin and cryptocurrency has become a investment product and method of payment that is in high demand in multiple industries today.
Already we see that more investment firms are looking at adopting bitcoin services and other cryptocurrencies, as well as different companies implementing the payment systems for it as well.
Many today believe that crypto is a strong retirement investment.
One survey suggested that as many as 60% of respondents saw it as a strong place for their retirement investing. And that isn't the only optimistic news to show that demand is growing.
Many young people today are comfortable with cryptocurrencies and thinking of exploring crypto for their retirement, even if it is volatile.
We've seen more than one country adopt bitcoin as currency and there are multiple cities looking into their own bitcoin projects too.
The demand for bitcoin and a retirement savings connection is only going to grow in the future.
It has been seen over the past few years that Gen Z and Millennials are driving bitcoin adoption and cryptocurrency interest but we shouldn't discount Boomers yet.
Research by BTC Markets shows that interest with this demographic is growing too and at a fast rate.
The move to provide those products and services for anyone looking to get ready for retirement isn't going to come without its criticism though, innovation rarely does.
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not financial advice
Sources:
https://bitcoinist.com/bitcoin-become-retirement-investment-survey-shows/
https://www.bankrate.com/investing/survey-millennials-cryptocurrency-investing-2021/
https://finance.yahoo.com/news/bitcoin-ira-survey-finds-one-153500137.html
https://www.cnbc.com/select/investing-in-crypto-before-retirement/
https://ca.finance.yahoo.com/news/move-aside-millennials-baby-boomers-111233607.html
https://www.wsj.com/articles/saving-for-retirement-now-you-can-bet-on-bitcoin-11624613435
https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309
It's exciting to see how crypto will change a lot of things and how they work. A retirement plan is something we've been struggling to manage properly through private companies but they still can't provide the security that crypto provides.
I see HBD savings as a future retirement plan for me personally and I know many will follow this path
It's clear that crypto is the future of young generations
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Boomers will come around sooner or later. The stock market has long been the safe haven for them but I believe they are seeing the lignt with bitcoin coming more to the forefront. As they have less time left to accumulate retirement savings, the 20% HBD interest rate is sparking alot of interest.
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