How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Your friends good, The years of retirement doesn't since you will have a lot of time to buy Bitcoin in different prices. There's no guarantee too that he can keep up on that straight 16 years when Bitcoin price increase to the new high. Lenght of investment is crucial when we are talking about retirement plan, I think it's better to add more years as much as possible to maximize your savings since this fund is your last source of money once you are not working anymore.
No one really knows what will happened on crypto but atleast he is just allocating 20% to bet in the Bitcoin future which means he still have money left for himself in worst case scenario.