Would You Consider Adding Bitcoin to Your Retirement Savings

[Davidvictorson]

I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it.

Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

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[Oshosondy]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I will consider bitcoin as part of my retire plan. If possible I can use the retirement plan for buying assets like bitcoin and gold, I will prefer that. I m not having the fiat mentality because fiat value will always get to reduce.

I am not a type that have to depend on anything like government or anything that have to do with retire plan because I work for myself. I prefer my savings for the future not to be in fiat, it is better if I have asset instead. During a massive bear market, it is another good sign that I should save in bitcoin.

[Flexystar]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I do not really look after my retirement plan and not having any plans of adding bitcoin as such. I am more or less trying to put up more money in Fixed Deposits with long tenures as well as Mutual Funds. As far as the two concerned, they will bring me vital amount of profitability over the period of time and the same returns I can use for my future. I would love to enjoy my life right now as it is and have as much fun as I could out of it. This does not mean I am going to be broke in my old age, because FD and MF will take care of that.

Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I dont think so. Bitcoin's volatility is really high and that makes it genuinely risky asset to hold for next 40-60 years. That is considering a retirement age by that time. It could go upto 1 million a btc in next 10 years but who has seen the future thereafter? It could reverse itself and be at 500 bucks? That scares me and that's I dont think its potential companion for my retirement plans.

[bitmover]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

The right question is about how much bitcoin would anyone keep for retirement savings


100%, 75% or even 50% is just stupid.  No one should do that, especially for retirement,  which is a moment in life where you can't hold for years expecting the price to bounce back.

A Retirement portfolio should be very conservative  , and more than 10% in bitcoin ia just crazy. Unless you are really rich

[NeuroticFish]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings

The bitcoins I can put away are meant to become someday the bulk of my retirement savings. But that's the bitcoins I can earn and that I manage to not spend.
The rest of my retirement savings come from the old channels, from the stable day job (but I expect that to just barely keep me fed).

So if bitcoin goes to oblivion before I get to the retirement age, I won't remain 100% uncovered. However, the chances are small for that.
If bitcoin gets to new highs... I hope I'll have the chance for a decent life at old age.


But all that is really far. For now.. it's easier to just stack sats and don't think that far.

[tabas]

It's been so long since I've seen people saying that they're using bitcoin for their retirement funds. There's no need to go through a fund management from a third party company or a financial institution that do uses it. If someone doesn't have the full knowledge on how to keep his bitcoins as a retirement fund, that's where I think such service is needed. However, there's no need for someone who's working hard and saving money for retirement in bitcoin to just let a company manage that holdings for him.

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%?

It's better to scatter source for retirement fund, I've got other assets that I do consider which are part of my retirement so maybe in terms of percentage that's going to be around from 10% - 50%.

Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Yes.

[bittraffic]

This is like giving Fidelity Investments permission to use your funds to trade. In which they could profit, sell when the price hit ATH, and then buy again when the market hits the lowest low. This would really be good if there is transparency to it.
It could sound good when you hear about it but that would mean you get to wait til you are retired to get your BTC right?

It would be fun to hear what the elders who think alike like Charly Munger do. Those are the ones who are hard to convince.

[Captain Corporate]

Bitcoin IS my retirement savings. I do not have anything else, well technically I have other cryptos, but I only invest into crypto and nothing else. If one day I will decide to buy a house, which looks to be pretty impossible as it is right now, but who knows, then I could consider that. But among things like gold, stocks and so forth, the best one in my mind is crypto. Of course you need to be careful what you pick, most of my money is in bitcoin and its there until I retire 30 years from now, which means that I can hold my coins for another 30 years if I do not need to cash it out. Thats a pretty good savings if you ask me.

[avikz]

Absolutely yes! It is already in my retirement savings. I do have a day job and earn salary income. So whatever I earn from my signature campaign, goes straight to my savings only. And I do not usually sell off the bitcoins unless there's a huge emergency.

Bitcoin can indeed give a huge return if I can hold it for the right amount of time. But I am not sure about my government whether they are going to allow bitcoin in the country in a few years. So the entire thing is still uncertain.

[dothebeats]

I'd add a part of it to my retirement savings. Probably around 20-30%. Anything more is basically being greedy and an oversight. There are a lot of other investment vehicles out there that can also be great when held long term. While we may be heading towards the digitization of everything in the future, traditional investments like real estate and precious metals won't hurt to hold. I'd very much want my portfolio to contain those if it ever is my retirement savings that I'm speaking of.

[Zaguru12]

I'd add a part of it to my retirement savings. Probably around 20-30%. Anything more is basically being greedy and an oversight. There are a lot of other investment vehicles out there that can also be great when held long term. While we may be heading towards the digitization of everything in the future, traditional investments like real estate and precious metals won't hurt to hold. I'd very much want my portfolio to contain those if it ever is my retirement savings that I'm speaking of.

This is also my assertion because even though we are confident of bitcoin rising in the coming years we cannot also be too sure of how it will be. Anything above 30% is way to risky to invest in bitcoin as retirement investments. I already have bitcoin as part of my plans with the idea of doing DCA biweekly and saving the rest retirement funds in fiat and possibly other assets. Although Fiat is risky due to inflation but we are yet to reach a stage where bitcoin should be 100% investment funds.

[swaga]

The right question is about how much bitcoin would anyone keep for retirement savings


100%, 75% or even 50% is just stupid.  No one should do that, especially for retirement,  which is a moment in life where you can't hold for years expecting the price to bounce back.

A Retirement portfolio should be very conservative  , and more than 10% in bitcoin ia just crazy. Unless you are really rich

Id say it depends on what type of retirement fund we're talking about but in I do agree with you mostly. I would go up to 15% btc/eth. As you said anything higher than that would be crazy as no one can guarantee the
price will be right when the person retires.

In my opinion holding up to 15% crypto could either give a your funds a nice little to moderate boost or simply cut them short by the said 15%.

[Fortify]

I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it.

Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

It depends what you define as adding it to your retirement savings. If you've been successful throughout your life, or even just invested wisely every month for a long period of time, then it is wise to have a small chunk - more like 5% and below - diversified in these "fun" side holdings. Crypto simply doesn't compare to where people usually keep their retirement savings and has not grown a long enough record to be considered a safe asset like the companies that most people own in the pension schemes. Companies make products or sell services, if you own a share of them and they generate profit, that's how you get an income in retirement but crypto doesn't offer the same predictability. It is simply a gamble that you'll be able to sell it for higher without it producing anything of tangible value.

[Fivestar4everMVP]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

As a crypto believer and bitcoiner, having bitcoin as a retirement savings for me is a norm and not something that one has to go the extra miles for.
Though I personally would not trust any third party company to hold my bitcoins for me, so I would prefer that the company I with keep paying my retirement saving into the third party company account in fiat currency, while set aside some part of my salary every month for buying bitcoin as a retirement savings as well for myself.

[Yatsan]

Investment I guess but not savings. It won't be something you can use in times of emergencies unless adoption of this technology is already okay when that time comes. I defined it as an investment because there's no assurance still of what will happen to its value in the future; anything could still happen as long as global acceptance is still lacking. Unlike with bank savings wherein it will always be there unless your bank will be subjected for bankruptcy but that's another story I guess. Depends on your preference still; if you are for a more secured saving, right now it would be fiat. But if you are okay with taking the risk for long term, ofcourse investing into it would be a good shot.

[Finestream]

Absolutely yes! It is already in my retirement savings. I do have a day job and earn salary income. So whatever I earn from my signature campaign, goes straight to my savings only. And I do not usually sell off the bitcoins unless there's a huge emergency.

Bitcoin can indeed give a huge return if I can hold it for the right amount of time. But I am not sure about my government whether they are going to allow bitcoin in the country in a few years. So the entire thing is still uncertain.

I would not also hesitate to consider accumulating bitcoin for my retirement but I would admit maybe just a very small portion like 10% knowing there is no guarantee if bitcoin will still be valuable in the future or may lose its significance eventually. However, as long as I have extra money to buy bitcoin these days, I am really saving bitcoin for my retirement and with the help of DCA, hopefully it will create a sum of huge amount so I can make the best of it in the future.

[Hydrogen]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I think 401k, IRA and crypto are retirement methods for married men with children. For those who have their families depending on them. It becomes harder to accept risky ventures, which might be more profitable. 401Ks and IRA's are often funded by investments in stock markets based on the assumption of long term growth. In eras where inflation, recession or economic contraction are prevalent, they generally become less satisfying as investment vehicles due to reduced growth.

Youth who are single and do not have families could do better with higher risk retirement investments. They do not have families or children relying on them. Making it easier to learn, explore and develop knowledge and skill base.

Personally, I like dividend reinvestment plans (DRIP) as there are documented cases of people earning enough to retire early using them. They depend more upon profits than long term growth. Which could make them more attractive over the long term than 401ks or IRA. Due to profits being (IMO) an easier goal to achieve than consistent growth.

I love bitcoin. It has always resembled something not unlike a warzone with no shortage of controversy and conflicting opinions. If anyone is relying upon BTC for their retirement I hope they diversify and have 2nd and 3rd options. Whatever BTC I have for HODL purposes, I'm complimenting with as many other things as I can find.

[n0ne]

Retirement savings is for the future. Same is with bitcoin investment. As one of the user mentioned, rather than depending on a third party it is good to go with our savings done in a non custodial wallet. Almost every sector have added bitcoin into their business. In such a way bitcoin is getting added to the retirement plans is a good move.

[Agbe]

Op from your last statement you made mentioned of accepting bitcoin in my retirement savings and I am corresponding to that effect. And I will boldly say yes. If my employee is ready to add bitcoin to my retirement or gratuity and I know how to handle or use bitcoin I will definitely accept and us it to invest in it. And also coming to the subject which has different interpretation with the last statement (question) connote the synonym of the idea of the content. Adding. Bitcoin to my retirement savings is a personal decision or interested. All depends on the knowledge you have on bitcoin on you old age. One thing you have to know at that time is that, you have to know how old are you at that time because if you invest late you might not able to enjoy the investment but your children. If your age permit you then it is very good to invest but if your age will not permit you, your investment will be enjoyed by your family members.

[The Sceptical Chymist]

Maybe if I was still in my 20s and had a very well-paying job I'd consider it, but now?  I don't think anyone who's even 20 years away from retirement should allocate any percentage of their retirement account to anything crypto, not even bitcoin.  If people want to speculate in it, IMO they should do that on top of whatever they put aside for retirement.  As much as I'm a bitcoin enthusiast and vehement supporter, the reality is that it's just too risky and volatile an asset to include in a fund that's meant to at least remain stable if not grow (which the stock market has historically done).

I'm not sure how many 401(k) plans offer any sort of crypto option, but I bet it'll catch on over time as bitcoin becomes even more mainstream than it already is.  I'd still stick to stocks that provide income, though.  That's what you want when you finally retire.