Buying Bitcoin (BTC) Is Investing and Saving for Retirement


When talking about retirement
investments, people usually focus on stocks. However, Bitcoin is proving to be
a better retirement investment asset, even ahead of stocks, commodities, and
other traditional investment vehicles.

BTC Perception Is Improving

Bitcoin’s popularity continues to
grow all over the globe, despite the current bear cycle still keeping prices
down. A research carried out by Blockchain Capital Blog earlier last month
shows that Bitcoin awareness, familiarity, perception, and conviction have
increased over the past two years.

According to the research results, the percentage of people that have
heard of Bitcoin rose from 77 percent in October 2017 to 89 percent in April
2019. Also, the percentage of people that are familiar with Bitcoin is up from
30 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 people
are open to purchasing Bitcoin now than they were in 2017, with the percentage
rising from 19 percent in October 2017 to 27 percent in April 2019. The fact
that the younger generation finds Bitcoin more appealing shows that the world’s
most valuable asset has the potential to become an investment tool for decades
to come.

Bitcoin Is Excellent As a Retirement Investment

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 considering
the current state of Bitcoin and the regulatory challenges the community
continues to face. Williams further added that “the numbers tell the story.  They
always do.  Bitcoin tells its story in
numbers and math.  Trust in numbers.”

The cryptocurrency expert is right in
his comments. When comparing the growth of Bitcoin against traditional
investment vehicles over the past decade, it is clear to see why the younger
generation is turning to BTC at this time.

Over the past fifteen years, the
NASDAQ top-100 has given a total return of over 500 percent while the S&P
500 has given 254 percent. In the same period, commodities dropped by 34
percent. On the flip side, Bitcoin rallied 1,950 percent.
This year alone, Bitcoin gains exceed 100 percent. All this is after last year’s
crypto winter that saw the asset tumble 75 percent allowing for attacks. But
even so, Bitcoin did outperform almost all traditional assets like Gold adding
58 percent year on year outperforming S&P and other traditional indices. It
is because of that that Bitcoin could be a great retirement investment option.

The post Buying Bitcoin (BTC) Is Investing and Saving for Retirement appeared first on Ethereum World News.

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