I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.
To be honest, it’s never safe as always. Pension funds are certainly funds used to provide for the good living for old aged people, and not to invest in a risky and highly volatile one. And to think that pensioners are prone to be carried away by their emotions, so just imagine if their investments do not work, surely that will create threat to emotional and mental health of these old aged investors. So as much as possible, they should avoid bitcoin investment and the likes.
this much is true, losing money when reaching the retirement age is not funny, no place to work, smaller chance and opportunity of earning money which simply means earning money becoming even harder than before retiring. the impact of losing pension funds will be massive, I'd doubt they aren't gonna concerned about it, just imagine if someone had invested their pension fund in the previous all time high where cryptocurrency investment was quite rampant i'm sure some have already invested, then the market losing value because some company collapsing, basically making people lose about 80% of their money and if it's pension fund, it will be really heart breaking. i couldn't imagine lack of money in retirement age.