To put it in a 20 year context, your $1,000 back in 2000 has the same buying power of $1,563.27 today. But if you left it in the bank and collected a tiny interest over time, your actual money has depreciated over the decades. For other countries like the UK, their inflation is actually worse. £1,000.00 in 2000 would be equivalent to £1,726.63 in 2021.
Rather than having your fiat currency in the bank, wouldn't it make more sense just to store it in bitcoin? For people planning on retiring for the next 20 years, aren't you worried about the rapid inflation in your currency? Typically the US experiences a 2.5% inflation every year but with this year it has risen to 4.99%.
Yes you’re right, people should have an investment that they are making towards that. But it is not an easy thing you know. There are people who will find it hard to invest because of their income is low, even if they invest they end up selling it within a short time.
Although my advice for people like this is that they should try as much as they can and maybe take up extra work if possible so that they can always save up and invest in Bitcoin or any other type of investment they think is good, so they can save value for themselves. And for sure, in future a lot of households will invest in Bitcoin, it’s just as it is now compared to years back when Bitcoin came out newly, there are more investors now.