Just as anything of true value, Bitcoin has drastically appreciated over time and since we only have a fixed amount of Bitcoin, it should always remain this way(hopefully). Just as real estate, stocks, pension etc. Can an investor use Bitcoin as retirement saving knowing the volatility attached to it? Is there a chance that Bitcoin will be more valuable and and more stable over the years, say 10-20 years from now?
Retirement savings is usually for a very long time. People mostly forget about their retirement savings until they are 50 or maybe 60 years old and for this long bitcoins are going to show tremendous growth so yes I will say bitcoins can be a perfect choice for retirement savings. I wonder if major companies should start thinking about it and start implementing locked portions of retirement savings into bitcoins. It will help individuals a lot.
Let's take an example, if we are saving $50 every month from our retirement savings for around 10 years means we will be able to invest around $6k over a period and even if bitcoins double down we will make our savings increase up to $12k in just 10 years period.
Yes, for 10 years bitcoins are not just going to double down but will maybe even 10x reaching $1mn level. In that case we will have savings of $60k in just 10 years which is more than what we can earn working full-time.
