Would You Consider Adding Bitcoin to Your Retirement Savings

[Myleschetty]

Based on the limited supply of Bitcoin, block halving, and potential I think accepting Bitcoin into a retirement saving account is the best thing every Bitcoin enthusiast will ever do cause of any form of DCA method, and it's also a good plan for the future since the government keeps printing more currency.

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[bittick]

it's gonna be no brainer mainly because bitcoin have history of linearly increasing in term of valuation and i'm sure by adding bitcoin to our retirement saving it'd somehow grow the investments and savings.
but the think is, the volatility, imagine you're putting your retirement savings in btc when it was bullish and then suddenly massive correction happening, would your saving retirement still not disrupted? i guess diversification would also be essential.

[hatshepsut93]

Some investors may soon be able to add cryptocurrencies to their 401(k) accounts.

Adding "cryptocurrency" is a very bad idea. In 20-30 all of the coins that are popular today will be dead. Ethereum has some slim chance of surviving if it will manage to find at least some real users for its smart contracts.

Regulators should separate cryptocurrency and Bitcoin - crypto is like a penny stock, but without the chance of becoming a big thing, Bitcoin is like S&P 500. They are different asset classes with very different risks.

[Desmong]

This is a big question we need to ask ourselves especially for those people that are old ams going to be earning there pention soon. This is a wise decision because nit everybody that will agree to this based on different reasons. The question is what if you hold your pention in Bitcoin and the market falls heavy when you get your pention, the question is how long are you going to wait?

[sheenshane]

Adding Bitcoin to your retirement savings could be a good option if you are willing to take on more risk in exchange for potentially high returns. It might important to remember that diversification is key to managing risk in your investment portfolio.  So, adding Bitcoin to your retirement savings should not be your only investment and the percentage of your retirement savings that you allocate to Bitcoin depends on your risk tolerance and investment goals.  IMO, it's recommended that investors allocate no more than 5% of their portfolio to Bitcoin or any other individual asset.

Adding Bitcoin to your retirement savings using the DCA method could be a good way to minimize the impact of market volatility on your investment.  It's a safe method of investing to deal with high volatility.

[Don Pedro Dinero]

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?

Not in a retirement fund like the ones you mention. Although bitcoin does form part of my long-term savings and investment, and therefore also for retirement, but putting it in a pension fund goes against its very essence, as you are not going to have your private keys. What you are going to do is pay money to an entity to buy financial assets such as shares and bonds, as well as bitcoin, and they are normally deposited in another entity that has custody of them; you do not have custody of them. I think we've learned enough about the risk involved. So I'd better keep my bitcoin and I'll spend it when I retire or whenever I want.

[xSkylarx]

This is a big question we need to ask ourselves especially for those people that are old ams going to be earning there pention soon. This is a wise decision because nit everybody that will agree to this based on different reasons. The question is what if you hold your pention in Bitcoin and the market falls heavy when you get your pention, the question is how long are you going to wait?

There's always a saying that you shouldn't put all your eggs in one basket. Pensions are used by you to celebrate your retirement; others may also invest them in business, but not all of them, only a few of them. But if you have another source of income, then it is okay to wait on it, as you know that you can profit from it. It is just that you need to make sure that others know what you are doing and know your private key, as we don't know how long you will live, so that other family members can still access your bitcoin.

[Outhue]

You have already put the question in order OP, you asked if someone could consider 'adding" Bitcoin to retirement savings, so this means that a part of your retirement savings will be Bitcoin, not everything, so it depends on the percentage of Bitcoin you want in your retirement savings.

I don't see any reason why not, the danger here would have been if you put all your retirement savings into Bitcoin, putting all your eggs into one basket can make things get ugly fast, since that's not the case, your plan should work out just fine.

[bettercrypto]

     If I were a retired employee in a company or government agency and had knowledge about Bitcoin, of course, I would not hesitate to invest in it.

        50% that I will get from retirement savings will go to my bitcoin purchase and I will hold it for 5-10 years or depending on the future value of bitcoin especially since the bitcoin halving is closed again to happen, and I will not regret it I'm sure to myself.

[serveria.com]

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?

Yes, it's a good idea and it should be not less than 50%. Ok, if you're planning to retire soon than maybe less (20-25%?). Let me remind you that the biggest Bitcoin gains come from hodling and retirement account is exactly that. So, if your retirement will happen, say, 20 years from now it doesn't matter will it be a bottom or ATH - you will receive significantly more than you initially invested.

[LogitechMouse]

I would love to, but unfortunately I will not do it.
I'm still at my mid-20's, and I'm very far away from retiring. I might prefer investing into different stocks that gives dividends overtime rather than just holding Bitcoin as my retirement savings.

The fact that Bitcoin is too risky and a very volatile asset is the reason why I will not considering it. At the moment, I'd consider investing into stock market more for the long run than into Bitcoin, or maybe I might hold a specific amount of Bitcoin for let's say a decade or 2 or even 3 I guess.

[Mauser]

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?

Adding bitcoin to your retirement account is an interesting idea, but at this point in time I would probably not do it. As far as I know in my country there is not yet an option to add bitcoin to your retirement savings. There might some specialised insurance company focusing on it. The government retirement money in my country is not invested though, it's being paid out directly each year. When it comes to retirement money I think that we need to focus on very safe investment that have no real chance to lose money, that is why I would stay away from stocks and other risky assets. Once we look at our retirement fund as a very safe investment, we can use our own savings account to start trading more aggressive. Everybody can buy bitcoins for themselves, we don't need an insurance company to do it for us. The benefit of us buying cryptos directly is that we are in charge and we can sell and buy more when we feel the market is in our favour. Assuming that the longterm trend of bitcoins is upwards, then any retirement savings account is a DCA method on bitcoins. The only problem is that there is no option to sell any coins over a long period of time.  

[alastantiger]

In the country I live in, majority of workers are not familiar with retirement savings being handle by some institutions even though they exist. In the article which the OP talked about, it is mentioned that anyone who wants to have their retirements savings in bitcoin may have to get consent from their employer. And I wonder, what if the employer doesn't consent to it? That being said, how I think about this is that an individual's retirement funds should be spread across various portfolios. It should include, bitcoin, stocks, real estate, precious metals etc. The caution here is to not put all your eggs in one basket as you can never know what lies ahead. So for me an 25% of my retirement savings is already going into my retirement savings and I don think about another dollar cost average method is not this.

[slapper]

Bitcoin in my retirement savings plan is a no-brainer. I believe bitcoin has long-term potential and use it to diversify my retirement portfolio beyond stocks and bonds. I would consider allocating 25–50% of my retirement savings to bitcoin, but going all-in is unwise.

Bitcoin in a retirement savings account fits the DCA strategy. DCA, which involves investing a fixed amount at regular intervals regardless of market conditions, can be executed by periodically adding bitcoin to a retirement savings account.

[CageMabok]

This is a big question we need to ask ourselves especially for those people that are old ams going to be earning there pention soon. This is a wise decision because nit everybody that will agree to this based on different reasons. The question is what if you hold your pention in Bitcoin and the market falls heavy when you get your pention, the question is how long are you going to wait?

If you look at the question in the title of this topic, "Would you consider it?" This means that this is a very simple question, with each person's consideration before giving the answer. Because if a retiree is willing to consider Bitcoin into his savings, it means he is very ready for the risk and will not mind how long he will save the Bitcoin.

Because maybe he just saves Bitcoin to give to his children and grandchildren when they grow up and he also doesn't feel sorry if he doesn't have time to enjoy the results of his own savings. Because usually people who have retired from their jobs only think about eating daily and taking very good care of their health, while the more money they get from the pension salary will still be saved in whatever form it is.

[blockman]

Bitcoin in my retirement savings plan is a no-brainer. I believe bitcoin has long-term potential and use it to diversify my retirement portfolio beyond stocks and bonds. I would consider allocating 25–50% of my retirement savings to bitcoin, but going all-in is unwise.

Bitcoin in a retirement savings account fits the DCA strategy. DCA, which involves investing a fixed amount at regular intervals regardless of market conditions, can be executed by periodically adding bitcoin to a retirement savings account.

I'm also confident with bitcoin as my retirement savings plan. I've got a huge chunk on it and I know that it will be a life time opportunity just as what it had done to most of us.
Since it's started changing everyone's life, I'm not sure why others are still doubting it despite the fact that they've used it not just for transfers but mainly as an investment/asset.

[Cryptomultiplier]

From my perspective, I feel that retirement investment mostly as concern investment in cryptocurrency, should start at a certain age.
If one has an estimated idea of when it will be good for them to retire, it would be wise to then invest long-term, let's say 5-7 year in cryptocurrency. A suitable strategy I am confident in for now is DCA.
It is also adviced one gets to do a thorough research and read up on cryptocurrency and the exchanges involved before making such a decision, so as to have a good idea and be conversant with what suits their crypto investment plan best.

[AnonBitCoiner]

Crypto is not stable even its a bitcoin, I know that investment in Bitcoin lead to greater generation of your cash but its also contain some uncertainty. I have a strong believe that a person should not put large income into it because first issue is that there is uncertainty and second issue is that you will need some money in daily uses so if you put it in Bitcoin or other coin coin how you will manage daily uses there is a possibility that your income become double but on other side there is also a chance of facing some trouble because of which your money will reduces.

25 percent of money should be invested in Bitcoin and remaining amount should be saved personally if this 25 percent makes profit for you then get the profit and use again this 25 percent for saving in bitcoin. So in my opinion it is a wise idea to participate in trading with little amount and make greater amount in crypto by using this minimum sum.

[ethereumhunter]

I can't imagine what would have happened to those investors if they saw the price of bitcoin, which was at its highest this month, then saw its price plummet the following month. Surely there will be many investors who are not ready for it and are very worried about the decline.

I prefer investing using the DCA method using a small salary instead of using the pension fund. When I retire later, I can use the pension fund to start investing in crypto and add it to my portfolio. Besides that, maybe we also can't withdraw the pension fund or sell the bitcoins we have at any time and it's different if I use my own way.

[Lucius]

Not in a retirement fund like the ones you mention. Although bitcoin does form part of my long-term savings and investment, and therefore also for retirement, but putting it in a pension fund goes against its very essence, as you are not going to have your private keys. What you are going to do is pay money to an entity to buy financial assets such as shares and bonds, as well as bitcoin, and they are normally deposited in another entity that has custody of them; you do not have custody of them. I think we've learned enough about the risk involved. So I'd better keep my bitcoin and I'll spend it when I retire or whenever I want.

I completely agree with you here, because regardless of the "good intentions" of those who manage pension funds, the question is who will live to enjoy their retirement, and the even bigger question is whether it will be sufficient for a normal life. Most of the pensioners in my country live below the poverty line, and I don't believe that in 20-30 years the future pensioners will live better - that's why we stick to what is the only truth "your keys, your coins".

In addition, we already have failures when it comes to pension funds investing in "crypto" and some teachers in Canada are certainly not happy that the fund "made it possible" for them to lose as much as $95 million.