Buying Bitcoin (BTC) Is Investing and Saving for RetirementMay 19, 2019
When talking about retirementinvestments, people usually focus on stocks. However, Bitcoin is proving to bea better retirement investment asset, even ahead of stocks, commodities, andother traditional investment vehicles.
BTC Perception Is Improving
Bitcoin’s popularity continues togrow all over the globe, despite the current bear cycle still keeping pricesdown. A research carried out by Blockchain Capital Blog earlier last monthshows that Bitcoin awareness, familiarity, perception, and conviction haveincreased over the past two years.
According to the research results, the percentage of people that haveheard of Bitcoin rose from 77 percent in October 2017 to 89 percent in April2019. Also, the percentage of people that are familiar with Bitcoin is up from30 percent in October 2017 to 43 percent in April 2019.
Then again, and this is not surprising, the perception of Bitcoin amongst ordinary citizens is changing for the better. In 2017, 34 percent of the people surveyed believed that Bitcoin is an innovative technology. That figure is now up, increasing to 43 percent in 2019. However, what’s interesting is that more people are convinced that Bitcoin will find more utility in the next decade.
The survey further reveals that more peopleare open to purchasing Bitcoin now than they were in 2017, with the percentagerising from 19 percent in October 2017 to 27 percent in April 2019. The factthat the younger generation finds Bitcoin more appealing shows that the world’smost valuable asset has the potential to become an investment tool for decadesto come.
Bitcoin Is Excellent As a Retirement InvestmentTool
Therefore, it is not odd that as the popularity of Bitcoin increases, analysts are convinced that the coin—with superior ROI can, after all be an alternative asset for retirement investment. As a matter of fact, Jason A. Williams, the co-founder, and partner at Morgan Creek Digital, revealed that more people are saving Bitcoin for their retirement.
In a tweet he says:
“1 BTC is $7,000 today, but less than 1 in 3 Americans has more than $5,000 saved for retirement. Always pay yourself first. Buy Bitcoin!”
This statistics is an impressive consideringthe current state of Bitcoin and the regulatory challenges the communitycontinues to face. Williams further added that “the numbers tell the story. Theyalways do. Bitcoin tells its story innumbers and math. Trust in numbers.”
The cryptocurrency expert is right inhis comments. When comparing the growth of Bitcoin against traditionalinvestment vehicles over the past decade, it is clear to see why the youngergeneration is turning to BTC at this time.
Over the past fifteen years, theNASDAQ top-100 has given a total return of over 500 percent while the S&P500 has given 254 percent. In the same period, commodities dropped by 34percent. On the flip side, Bitcoin rallied 1,950 percent.This year alone, Bitcoin gains exceed 100 percent. All this is after last year’scrypto winter that saw the asset tumble 75 percent allowing for attacks. Buteven so, Bitcoin did outperform almost all traditional assets like Gold adding58 percent year on year outperforming S&P and other traditional indices. Itis because of that that Bitcoin could be a great retirement investment option.
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