"Investing in Bitcoin for retirement? Well, that's one way to keep the faith strong! 😅 But tell the pastor that Bitcoin might be a bit too volatile for divine intervention—he might need more than a prayer to retire comfortably! 🙏📉"
Since the pastor is getting retired bitcoin shouldn't be the first plan. He is getting retired and where he normally make money from he won't be getting it again, that source is already close. It will be better for him to think about how to create income first either by doing business that can give him income everyday. If having a steady income is achieved then he can think of investing bitcoin. It does not make any sense that someone is getting retired and he is just making plans to invest bitcoin, the truth is that he is thinking bitcoin can be is next source of income or a career line to depend on.
You might be right, but I didn’t consider that he’s allocating all his money to this. Still, he likely has some funds available while he waits for his Bitcoin investment to start generating returns. Plus, we can assume he’s getting a monthly pension, which I believe was enough to cover his daily needs. However, he really needs to think this through thoroughly because investing in crypto is too risky, and he could lose money with just one mistake. If he doesn’t have a proper understanding of it, it might be smarter to invest in something he knows better.
Of course, we’re still encouraging him to explore this interest since we all know how profitable it can be, despite the risks involved.