Bitcoin Has Become A Top Retirement Investment Option, Survey Shows
Per a survey conducted by investment firm Capitalize, Bitcoin and cryptocurrencies have been gaining relevance as retirement investment options. Digital assets, once synonyms with speculation, and gambling, have acquired prestige as one of the best ways to secure people’s future. Related Reading | Will The Fed’s Interest Rate Hike Spur A Bitcoin Armageddon? Top Analyst […]
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Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement. Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of Millennials said they "wish" they could invest in cryptocurrencies as part of their retirement....
Unsurprisingly, the role of crypto in retirement investment will depend on the asset class’ mainstream adoption. On March 11, the United States Department of Labor warned employers that sponsor 401(k) retirement plans to “exercise extreme care” when dealing with cryptocurrencies and other digital assets, even threatening to pay extra legal attention to retirement plans with significant crypto investments.Its rationale is familiar to any crypto investor: The risk of fraud aside, digital assets are prone to volatility and, thus, may pose risks to the retirement savings of America’s workers.....
If BitcoinIRA.com has its way, bitcoin will become ingrained as another retirement savings tool for generations to come. Edmund Moy, former Director of the U.S. Mint, serves as the group’s Chief Strategist…and possibly Chief Marketing Ploy. Many aspects of BitcoinIRA.com’s website lean heavily on Mr. Moy’s deep experience within the retirement savings space. The space and play are interesting within the context of the larger adoption of bitcoin as a serious and accessible digital currency. BitcoinIRA.com is certainly not the first group to offer bitcoin for investment. But serving the....
Bitcoin is becoming a recognized asset class with a low correlation to other asset classes. This makes it a good option for diversifying investment portfolios with retirement accounts, and some options do exist for investing in bitcoin for retirement. Diversifying Portfolios. Most investment advisors recommend having diversified retirement portfolios to....
According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold. The World Gold Council (WGC) is considered an authority on the gold industry as the market development organization works with all types of industry leaders in the precious metals field. WGC also manages the very popular web portal gold.org and it often publishes research studies concerning safe-haven investments. Just recently, WGC....