Adoption of crypto in retirement savings plans growing

[Doranile432]

I think its just better and safer to plan your retirement yourself by investing in top altcoins, hold and let go for years to come, the results will surely be unbelievable

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[Getmon]

I think its just better and safer to plan your retirement yourself by investing in top altcoins, hold and let go for years to come, the results will surely be unbelievable

It is surely unbelievable. It is either it multiplied several times or died an untimely death. Can you name me an altcoin that you are 100% sure to be still here and has grown in value in 30 years time? If not then I think this is not a good decision to make. Crypto at this stage is not yet founded on solid grounds. Projects are rising and falling. When it comes to retirement plan, it should somehow be insured. Insurance is necessary for this kind of plan.

[ajiz138]

I think it needs further studies, investing in highly volatile asset from retirement funds (money) is not that easy. Although that it has subjected for insurance policy. but still it can't change the truth that the investment they want to pursue is a high risk kind and i don't know how they will make it profitable for the retirees. btw i'm not an expert regarding this topic i'm just share my personal opinion and i'm not against with it.

You are right, there must be more studies on this project scheme. Because the price of crypto is very volatile, and how they are to overcome the problem. This project is the latest idea that uses pension funds to invest, I hope this project will be developed again and minimize the risks that occur due to the fluctuating crypto nature. Retirees will expect every money invested to support their old age.

[Cherylstar86]

I think it needs further studies, investing in highly volatile asset from retirement funds (money) is not that easy. Although that it has subjected for insurance policy. but still it can't change the truth that the investment they want to pursue is a high risk kind and i don't know how they will make it profitable for the retirees. btw i'm not an expert regarding this topic i'm just share my personal opinion and i'm not against with it.

You are right, there must be more studies on this project scheme. Because the price of crypto is very volatile, and how they are to overcome the problem. This project is the latest idea that uses pension funds to invest, I hope this project will be developed again and minimize the risks that occur due to the fluctuating crypto nature. Retirees will expect every money invested to support their old age.

As far as I concern , I agree that it may have a lot of studies of this project and on my opinion is that if this project is a legit in which we can't guarantee easily since many projects here make some noise from the start and become disappear in the end like doesn't exist from the start. I hope everyone may aware on this since many of us looks like interested on this project.

[wxa7115]

Not a bad idea. Imagine working at an organization and you get all your pension or retired benefits in Bitcoin! You'd be a billionaire by the time you retire in 20 - 30 years time (unless the bear market lasts that long, then you'd be really messed up)  

This seems like a good idea for people like us but believe me people are not ready for the volatility of cryptocurrencies, we have gotten used to the movements of bitcoin and gaining or losing more than 10% in a single day but most investors are not ready for it, if the stock market lost 5% in a single day you will see all the world worried about it and speculating if we are getting in a recession and stuff like that.

Right now bitcoin is not for everyone since it is not stable enough, but once the movements of bitcoin become smaller then we could begin to see bitcoin being used by most pensions.

[Obito]

Great idea although risky of course. Putting down your benefits into crypto is like an accepting the fact that you can have no benefits at all. Althouth the opposite of it is that your benefit might get double just by a chance when the market is in the good condition when you are getting your benefits, otherwise would be bad for you.

[nanaimogold]

Major American crypto exchange Coinbase, asset custodian Kingdom Trust and
alternative assets investment firm Regal Assets have begun offering cryptocurrency-based
individual retirement and 401(K) accounts in the United States.

This new offering will give investors access to more than 30 digital currencies in the industry
directly through Coinbase, with insurance protection provided by British insurance firm Lloyd’s of London.

https://cointelegraph.com/news/coinbase-kingdom-trust-regal-assets-jointly-offer-crypto-ira-and-401k-accounts

I've gone through the article on cointelegraph and it's very impressive, individual retirement account (IRA)  is the way forward for retirement savings plans. It's good to know that over 30 digital currencies will be made available and Bitcoin, and other major cryptos are already embedded. Looking forward to seeing more of such innovation.

The foresight and pragmatism of Coinbase is laudable. The are not just making themselves a multi billion dollar company but creating also a billion dollar employee through the crypto retirement saving plans. I know people may have doubts about the gesture due to the volatility of cryptocurrency but it should be thought of as an investment option with a likely positive outcome due to the recent boom of cryptocurrency as well as its predicted future which looks bright on all sides

[starblocks]

This is encouraging to see and it's a wise move to have some of your portfolio comprised of cryptocurrency even if it's just a small percentage in Bitcoin and a few other major alternatives you're not likely to regret it if you view it as part of a long term strategy, and the traditional stock markets may not currently be performing so badly but eventually there will be a major correction globally and these types of assets will become more and more appealing to ordinary investors

[vanya.pronin.1983]

I do not believe in such news, because we already had a much bigger event. The Bakkt launch should have provided access to accredited investors, but the daily volume was around 2 BTC, which is just disappointing. Volume raises at the moment, so hopefully it is not completely dead.

[patz22]

Good idea! though you know it might be hard, retirement plan using crypto sounds very interesting but believe it or not many oldies won't be biting on this kind of thing cause as they say "old dog cannot learn new tricks", but if the person who will introduce this would be known at their age maybe, Warren Buffet or even more then I can say that this would be a success.

[beerlover]

I am one of the people who have a retirement plan with bitcoin in it. I don't know what life holds for me and if I would ever need it before retirement but I do have some savings in my bank account and additionally some bitcoins that I want to keep forever and even buy some every month.

In a perfect world I would never use any of that and let them grow over time and when I retire (I still have 30 years to retire) I would have 3 sources of income, one is my retirement plan that I pay from my salary, the other is the savings account that I have from money I saved from what I didn't spent from my salary, the third is bitcoins that I have.

Now, I know 30 years is a long long time and I will be 60 by that time so we have no idea what will happen but if everything goes according to plan my children will get a ton of money and a ton of stuff from me when I die.

[Cling18]

Since we have seen how Bitcoin have grown and showed us it's potential through years, most retiring citizens have chosen to have it as their savings plan which I think is a wise idea. I'm sure that crypto could really go far in the future and I have no doubt of that so lucky will be those who are investing on it as early as possible.

[mrdeposit]

This new offering will give investors access to more than 30 digital currencies in the industry
directly through Coinbase, with insurance protection provided by British insurance firm Lloyd’s of London.

Good opportunity for those who want to participate. Because, in the long term, this choice is good against the stealing of the wallet. You just send them BTC, and after a predetermined time they need to give BTC back to you no matter what. For a certain amount this is a good choice, but not for all your retirement savings. Remember "invest money which you can afford to lose".

[andika2018]

If 401k uses cryptocurrency, then I think there will be big transactions in the crypto market. Pension funds in America are very large and are usually invested in quite secure sectors such as stocks or bonds. This shows that crypto has started to attract interest from big fund managers

[clickerz]

If 401k uses cryptocurrency, then I think there will be big transactions in the crypto market. Pension funds in America are very large and are usually invested in quite secure sectors such as stocks or bonds. This shows that crypto has started to attract interest from big fund managers

If that gonna happen, the future of bitcoin and another crypto will be very optimistic and huge. It seems crypto is just warming up preparing for a big leap in the future. This will happen if more funds are being entered and poured into crypto. We have seen from real estate into crypto, insurance, etc

[passwordnow]

I have invested a bit for my retirement but I think this idea is quite risky for many. We don't have the same take with risk taking but it's all like a gamble to most of the users of that service.
I'm an enthusiast with crypto as a whole but I find this doesn't suit for all ages. Some newbies might take this an opportunity without doing further research.

I could be effective if the retirement investment is on a stable coin, though, for some risk-takers, they can choose cryptos that are for investment purposes such as bitcoin. To make it short, this retirement savings would be beneficial for us to have funds whenever in case we leave our beloved jobs. It is better if we have options to invest in risk-free, or with risk but the return is quite bigger if we succeed. I hope health insurance should also adopt this kind of investment platform too.

We don't know what will be the state of the market during our retirement that's why for me it's risky for everyone especially those that don't conduct research. As a person that's aware of crypto's volatility I understand the factors that might change crypto's state because it's very unpredictable. That is why I've said that this isn't for all age. Just like the 2017 ATH, there might be people that would lean their retirement plans through this kind of service without understanding the risk.

[dcomomal]

Coinbase is doing create and I thin that want to compete with Binance and all other exchange platform. I would not wonder if they would launch their our IEO launchpad and those IEOs would be extreme profitable.

[Lanatsa]

I have invested a bit for my retirement but I think this idea is quite risky for many. We don't have the same take with risk taking but it's all like a gamble to most of the users of that service.
I'm an enthusiast with crypto as a whole but I find this doesn't suit for all ages. Some newbies might take this an opportunity without doing further research.

I could be effective if the retirement investment is on a stable coin, though, for some risk-takers, they can choose cryptos that are for investment purposes such as bitcoin. To make it short, this retirement savings would be beneficial for us to have funds whenever in case we leave our beloved jobs. It is better if we have options to invest in risk-free, or with risk but the return is quite bigger if we succeed. I hope health insurance should also adopt this kind of investment platform too.

We don't know what will be the state of the market during our retirement that's why for me it's risky for everyone especially those that don't conduct research. As a person that's aware of crypto's volatility I understand the factors that might change crypto's state because it's very unpredictable. That is why I've said that this isn't for all age. Just like the 2017 ATH, there might be people that would lean their retirement plans through this kind of service without understanding the risk.

In short they have been dragged with FOMO and hype in that case specially to those who had experienced that 2017 bull run.I don't know why there are people who do really recognized crypto to be part of their savings plan.As said its too risky to consider on putting up or rely our savings on it yet nothing is certain on crypto space.
Yes, its rewarding when the market booms up but what if it would go to the opposite way? that's a big mess up.

[biddicoin]

retirement savings aim to keep earning money in old age. this should require a stable currency.
while cryptocurrency is known as a very volatile currency.
this is very dangerous because it could be in old age, crypto will lose some or all of its value

[imutlinda]

retirement savings aim to keep earning money in old age. this should require a stable currency.
while cryptocurrency is known as a very volatile currency.
this is very dangerous because it could be in old age, crypto will lose some or all of its value

if it aims to invest it might be utilized, so it depends on the original purpose. the most important thing is the ability of the investment and if you really want to make these funds for investment you should choose a coin that has potential