If we are here on this forum, we are all convinced that bitcoin will have a great future. But at the moment it is too unstable, and then it is not known whether it will be replaced by another currency. Basing your old age on the bitcoin really seems risky.
It is risky having your retirement funds in a cryptocurrency that has an unknown future. We all know that it is doing good nowadays but we don't know yet what will be the future of bitcoin as there is too much opposition with it and even if your country decides to regulate it, there are still chances that they will ban it in the future. It depends as well on what is your age now. If you are in your 20s then you have 40 years to go. Bitcoin may be very valuable during that time or worthless. It would be better to have an alternative source of income like investing in another investment vehicle like business.
I have never thought like this but I find your thoughts worthy. I think that there is logic in your way of thinking. Who knows maybe it is going to be like you said. I m not great expert but as for me BTC has always been a good option to invest
Yes bitcoin is a good investment option and I will hold it for as long as I can and as far as it is valuable but for retirement funds, it is a no for me. It is very risky for me depending on a coin and there are too many who are attempting to get its position and when that time comes then its value would be diminishing. At least I would find a retirement fund that would somehow be stable.