I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
I think that holding bitcoin is a great idea for retirement, because you never know what's going to happen with bitcoin price in the short run but what you can be sure is that it will rise in the long run due to the fact that there will only be 21 million ever created.
It's a good hedge against fiat currencies and fiats aren't going to survive beyond 2030. Mark my words.
I don't think that 1 btc is enough, at least for now. If you are retiring in 2070 then yeah but if you are retiring before that decade then you should have at least 5 ready. There isn't really an accurate minimum of what is enough, but as i said 5 seems like a good amount to hold.