Bitcoin Forum

Millennials Are Buying Cryptocurrencies to Save For Retirement

Among millennials, the cryptocurrencies investment trend is gaining momentum for retirement purposes. Moreover, as tech-savvy millennials are shunning traditional banking methods, innovative startups are creating new retirement solutions powered by blockchain and artificial intelligence technologies.

http://bitcoinist.com/millennials-are-buying-cryptocurrencies-to-save-for-retirement/

That is such a good option . Not only they will save themselves from the boredom after the retirement , they will be capable enough to feed themselves and live their lives without crises . If i was to be retired , ii would be doing the same thing . I also think that many of the members of this forum are here who are retired and seeking for opportunities to earn . It is not only limited till techies but any naive user can also learn the things about it without going into the detailing of blockchain  . Block chain is highly undervalued till this time , i really hope such events will change some mindsets.

I thought that news was already in the circulation a month ago? Now they did a new research on 8 major countries including US UK, south Korea and Japan and guess what? these millennials all already bought their bitcoin, and now they want to hold. Just like you said, for retirement. So that is good news for me because it means new people into crypto are not all speculators but also holders. Of course I am sure many of them will sell when Bitcoin hits 20k again but that means we get to see holders for a year or so.

Cool little idea. I certainly would not be placing all my eggs in that particular basket for one's end of days plans. We still don't know how long crypto's legs are. There might be some epic implosions just before it's time to put your feet up, or several in the meantime.

I'd rather keep my bitcoins now considering how much I paid for them. I also studied the protocol and made a big bet with my career, so far so good. I'm playing my cards in this very difficult battle

Anyone who's sitting on a large pile of money is possibly doing themselves a disservice if they don't move it into a few other areas while the going's good. I'd never abandon crypto but retirement in particular is about hedging, preserving and nurturing which means having a significant chunk in boring options too.

In time when the world retirement system is experiencing major changes, investment in cryptocurrency for the purpose of retirement is a very logical but also a risky investment. We can all see how big world companies firing more and more workers every year, they not need them any more because the job is taken over by robots. This trend will only increase even more in future, which means that fewer and fewer people will work, and they will not be able to finance retirement systems. In Europe the age limit for retirement is increasing from 65 years of life to 67 , but such measures are only temporary.

I think everyone should think about it, investment in cryptocurrency for me it's very serious when it comes to retirement. This is just an additional insurance in case that a traditional system at one point stops working.

Seems this concerns only the developed countries  ???

I can relate to this in my school it is pretty evident that more and more young people are getting into investing not only into stocks but also into the new cryptocurrency market. It must be due to them becoming self-aware on the realities in life that school loans are big, being unemployed is a possibility, and in general money is not easy to be earned. But most of these millennials always think of putting their money into something without the patience and plan to come with, most of them even start buying cryptocurrencies first before even learning how to trade, some of the hodlers even cut their losses on the first sight of red in their portfolio.

This is one of the bad things for tech-savy millennials they will believe everything they will see in the internet, that is how they have started investing in cryptocurrencies but this could also be their end. A lot of them will join Facebook groups and telegram channels believing that every buy recommendation is true without even confirming with themselves because they don't have that ability to do so.

Most beginners made mistakes when they started and it's nothing different with millennials. Luckily most people are smart enough to begin with small amounts, money they can afford to lose so they will probably not invest all money from school loan. I know stories from my friends, some of them are students, and I was laughing when they were telling me which altcoins they bought and why. But they are all in profit now, despite bear market. You learn by doing.

Very likely because the greater part of people of non-developed countries do not have money to save. And if they would have some, their first idea would likely not to invest in crypto currencies, rather into a house, a car, livestock, education, (better) health insurance, etc.

In most cases this would really happen and standards of living on a particular citizen would always vary on the possible decisions that they would made. If people do have the money to spare into investments then most likely they will really look into crypto but for those people who aren't capable on doing such thing would really secure out into traditional stuff which had been mentioned above like house,insurances etc.

Also this brings the bitcoin versus gold, and the bitcoin as a store of value first versus as a medium of exchange first debates.

I reckon bitcoin is more of a digital gold to be used as a store of value first and as a currency next. Some altcoins like bitcoin cash consider their coins as mediums of exchange first and store of value next.

It seems like a no brainer to me. Something has to be established and accepted as a store of value before people treat it as a currency, but that's just me.

You need all parties to be confident that the thing they're transacting with is going to be accepted by some total stranger as worth something the day after that particular exchange.

At the moment in most cases when you're buying something, Bitcoin and BCH and everything else is nothing but a payment rail for fiat. It's going to take a long time before it doesn't occur to any major business to keep it without conversion.

I can well imagine two Bitcoin believers not thinking that way but they're already down the rabbit hole. You need the unemotional to think the same before it really goes places.

I'm a millenial and it's the best option compared to other companies that offers retirement investment.  I have seen a lot of them went bankrupt so I would definitely go with btc that I really own and not in somebody's control.

It's not surprising given the hype. Millennials invest heavily in pot stocks, too.


Which companies were those? The company that does our retirement/profit sharing plan is super conservative. Small but steady gains. They don't even allow us to put our personal 401ks into anything remotely risky. I need to quit my job before I can roll it into anything bitcoin-related. :-\

I think Millennials are more technological driven than the Baby Boomer Generation 1946 - 1964 and Generation X (Baby Bust) 1965 - 1979. The Xennials - 1975 - 1985 might be a bit more technological driven and might fall in the same category as the Millennials.

I think many of these Millennials recognized the pitfalls and negativity of investments in the traditional Fiat investments and how corrupt this system has become and they are also seeing how their parents are suffering, because these investments gives small returns over time.

They want faster and bigger returns on their investments and something that fits in with their technological background. They also want to be in control of their own destiny and their wealth and Crypto currencies offer them that freedom.  ;)

Really? What cryptcoin projects are you invested in and planning on investing in? The millenials might also be making a very huge error in judgement by speculating in the cryptospace for their retirement savings.

anyone putting the majority of the money that they'll need to depend on in 30-50 years into crypto is a legitimate crazy person. the entire space is only 9 years old.

if you make a huge short term profit with a portion of what you have then great. take it out and buy a bunch of land.

I've observed that millennials are now open to investment options for retirement rather than just saving their money in the bank or just depend on the government for support when they are in retirement age. The social media in which most of the millennials are using opened their eyes to look for ways to increase their retirement funds and find an investment that would beat inflation as opposed to their parents who mostly just saved their money in banks because they thought that investment is complicated so they just choose what others did before. Being tech-savvy, no wonder millennials are considering investing in cryptocurrency than the traditional investment vehicles because it has shown tremendous gain in just a few years. Millennials too are more risk takers than the previous generations in my opinion.


Bitcoin is seen as a lucrative store of value now as opposed to being use as a currency because of its nature being volatile and speculative. Being still in its infancy, bitcoin has yet to find its true value and since the speculation of some experts in this industry is positive, people would just choose to hold their coins instead of spending hoping that one day, it would become valuable and they wouldn't worry in their retirement age anymore.

I agree. Putting all your eggs in one basket just seem absurd to me. Specially for something like retirement. There's so much changes in crypto everyday not just in prices but also in regulations. And it doesnt sound like a good idea to me to put all my retirement in crypto because one regulation could wipe it out. At the very least i'd wait for much of the regulations to be finalized.

But that is the problem. As an investment that's more closer to speculation, the cryptospace feels right. But as an longterm investment and putting all your hopes and dreams in the cryptospace for your retirement feels wrong.

Maybe at length, Warren Buffet was right about bitcoin as more of an asset for speculation.

Completely agree.  I cashed out 80% of my holdings this past December to lock in my retirement, while holding on to 20% to hopefully, fund a more exciting retirement rather than just locking in basic living expenses.

Here's hoping :)

Do you think that the pension system will exist in next 30-50 years from now, or people will be forced to work while they live? Why would anyone be crazy if invest in cryptocurrency then in a pension fund, trust more to governments then crypto?

It is true that that crypto is just 9 years old, but for anyone who invest less then 50$ in BTC back in 2010/2011 and if he kept coins untill today, we talk about millions $ of profit. That means these people are retired today, and enjoy without stress and fear for their future. I'd rather risk my money in crypto for next 10-15 years, then trust that money to my government - they will fall much sooner then BTC.

That's an epic move on your part. In retrospect I should've been sensible and done the same. I'll save it for the next run. I believe the next bubble will be gargantuan and I'll also guess it'll be the last fuelled by pure speculation.

At some point crypto has to justify its existence as more than a speculative toy. It will someday. The bit in between could be extremely long and extremely painful.

Haha, yes, it was an offer too good to pass up.  I just tipped my bell hop guy on vacation yesterday with crypto and had a good 15-30 minute discussion about bitcoin.  I suggest integrating activities like this into your daily life and then pretty soon, bitcoin will be justified (more so than is already is).  Will always be painful in between given the lack of adoption and regulation in the space.... "growing pains" :)


Yes, those folks are retired now ;) (who decided to hold on to at least enough, but many didn't...) ;)

diversity is always a good idea, which is why I've outsourced investing decisions to a financial/investment planner; next up, considering outsourcing some of my crypto investment decisions to a crypto hedge fund... leaning towards doing it, but have been vetting them for 3 months now... hopefully, pull the trigger to decide not to this month.

PM me if you're interested in any details on what I've done, and who I've hired... I'm off to buy breakfast at my local breakfast shop who I got setup to accept crypto recently :) The owner is a real crypto enthusiast!!!

I'll be posting about them as soon as he integrates into his POS system; hopefully, by Bitcoin Pizza Day; Fingers crossed!!!!!

Haha, I'm not sure I agree with them being smart enough to diversify... there are plenty of folks who have poured everything into ethereum or litecoin with hopes that will fund their retirement.

Very rarely do I find someone creating a balanced cryptofolio...

Being a millennial - let me disagree with you. Yes, we cannot say that they are all smart af and diversify their risks, but the younger generetion is commonly more smart and skilled in comparison to older crypto enthusiasts.
However, I don't have any proofs for you right now, but you can find it using google (researches, statistics and other evidences of this)

Getting back on topic - I don't believe they investing in crypto to save for retirement. I don't know anyone who does this (90% of my surrounding - are millennials). We prefer to act now and not to worry about something that will possibly happen to us in 20-30 years.

i really wouldn't be surprised if many are entirely all in. one thing young people usually have a shortage of is long term strategy.



i wouldn't be surprised if there are no government supplied pensions in a few decades. they're all effectively ponzis and lifespans, or rather expected retirements, are too long to sustain them.

as for the 9 year old thing, the thing you read anywhere regarding investments is the old past performance is no guarantee of future performance.

Comparing it to the traditional way of investing money, millennials are starting to uncover and the trend of investing into a new platform, which is the new age of technology and payment transactions. Back then, people used to invest their resources into banks, stocks, treasury bills and notes while millennials are considering new and effective methods in order to achieve results faster. Most investors who are inclined into the traditional way of investing (like what I just mentioned above) disapproves on bitcoin, as they believe that its intangible, decentralized and volatile nature would be their bane in the future. Little do they know that cryptocurrencies are indeed, the new age of investing resources. But what like any investments, risks are still involved and it is relatively higher compared to others (due to the lack of security and collateral provided).

The blockchain, which contains complex processes and systems, revolves around the developments provided by scholars and professionals. If they are able to crack the code furthermore in the future, then expect government agencies to at least, support this development in the society.


Well, ANY smart investor would know that diversifying their investments would lower their risks of losing most of their investments in one go. I doubt that millennials overlooked this kind of scenario- considering that most of them has a future-oriented way of thinking.