I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.
To be honest, it’s never safe as always. Pension funds are certainly funds used to provide for the good living for old aged people, and not to invest in a risky and highly volatile one. And to think that pensioners are prone to be carried away by their emotions, so just imagine if their investments do not work, surely that will create threat to emotional and mental health of these old aged investors. So as much as possible, they should avoid bitcoin investment and the likes.
Following your point of view, those old aged people are also prone to heart attacks I can't imagine what will be the reactions of those people if they will invest their pensions to this market and encounter a big dump, if those old age people are not mentally and financially ready with that kind of situation it will be possible for them to experience a heart attack.
Thinking about a failed investment at their age, so yes, with your argument better not to proceed and just use the pension money to live your life while you are still capable to enjoy with your receive money.
You better dont do it for sure there is a lot more negative impact than the positive impact caused by this idea , you cannot imagine to lose your pension funds that used to make you survive to live the life but then ended your life lol , that's not funny at all so yeah you better not doing that.
Only invest the money that whenever you lose ... it had almost zero impact to your life.
