I think Elwar has lost his mind; made enough money to retire with BTC but instead of cashing out anything, attempts to use bitcoin as his savings account and spends as he goes until death...
What happens if bitcoin dies? You can suddenly no longer retire and you're living on the streets? Lol? I use bitcoin as my checking account and gold + silver (30% gold 70% silver split) as my savings account. Both gold and silver are barely over cost of production, and platinum is even probably below cost of production now. This means there's not a whole lot of danger using metals as your savings account, while god knows what will happen to bitcoin.
When the next financial implosion happens, gold tends to hold up better in deflation, and silver tends to do wayyy better than gold in inflation. The powers that be have not actually let the economy have a real deflationary crash since the 1920s, but if they did, cryptocurrency would get absolutely slaughtered in deflation compared to metals.
You have to vary your financial assets some just to hedge against the possibilities of cascading deflationary collapse vs hyperinflation, and being all in on bitcoin would be absolute shit for deflation. Cash would obviously be the best for deflation, but gold holds up well enough in deflation for me that I tend to just hold gold as a cash substitute and keep the other savings portion in silver for higher upside potential.
I will likely buy some gold and silver once I settle in one place but I travel the world with all of my belongings.
It was hard enough going through Dubai last week explaining what my Cryptosteel was to security (FYI my keys are scrambled in a way that only I know so even if someone stole it, they could not get my BTC).
Gold requires money spent protecting it. Even if that just means owning property and spending money to hold that property.
I believe Bitcoin has proven itself as a store of value. The only thing something needs to have value is for people to agree on that fact.
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