You are viewing a single comment's thread from:
RE: Millennials invest in crypto as a form of 'pension savings'
This seems to be a really bad plan. Because it's not really an investment but more a bit of a gamble.
The article states that 6% would consider to invest in crypto for their retirement savings. Considering is something else then really doing. So it looks like the percentage of really doing so is close to zero.
Hello sir, thank you for your comment. Although I think you were reading too fast. The article does not mention that 6% would consider to invest in crypto. The article states that 66% of millenials does not have any pension savings.
I think a lot of millennials actually do invest in cryptocurrency. It's the older generation that is totally not interested in cryptocurrency and will fall behind at some point when the market floods with money (of course this is the ideal scenario for a cryptocurrency investor like myself). Nobody can guarantee what the future brings but it's certain that crypto isn't going anywhere and as the younger generation is more interested in crypto investments and earns more money over time in general we can expect this market to gain more fuel over time, maybe slowly, maybe really fast.
There are a gazzillion of reasons why the price of crypto and bitcoin in particular can rise so much more, the limitted supply for example. I just think it's a nice investment to have on the side but indeed it's stupid to invest too much of your savings in there as it can still be considered a risky investment.
Did I interpret this part incorrectly?
It would have been nice if you mentioned you were talking about the source of the article...
Sorry about that.but I thought you would know as you read both this articles.
The title of your post is really suggesting they do invest in crypto for their pensions. But it looks like that barely happens.
Clickbait lol you can love it & you can hate it :)
But I appreciate your comment and I have to say you are correct. I will pay attention to this in future articles.