Good day everyone in this wonderful board!
This topic recently came through my mind and I decided to share.
We do know how Bitcoin has experienced tremendous prowess, over the past few years.
And how it has been like a pinnacle of hope to many, those who invested long ago have witnessed a more than 200% growth and more since it's inception.
My idea is , since one is coming from a country like mine where there's hardly any good retirement plan for those who plan on retiring, then is it really ideal to buy Bitcoin as an asset and hold for Good returns despite it's volatility.
Although it might take time to witness a tremendous return.
But is this really an ideal idea?
I cannot guarantee that investing in bitcoin for your retirement planning will be 100% successful considering that this asset is very volatile. I admit that for long-term investment bitcoin can be a good choice but we will not know what will happen in the future, to reduce the risk ideally if your current finances allow you to invest in various types, you can divide it into several other types of investments, such as property, stocks, gold and land so that your funds are not 100% focused on bitcoin alone. In addition, setting aside some for emergency funds is also no less important.