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?
Of course it's very good. In the past, most people invested too much in housing and stock properties. But now traditional investments are declining compared to Bitcoin. So Bitcoin is very worthy to be invested for the future or to achieve financial freedom in old age.
Moreover, to achieve that freedom, you don't have to sell your house to be able to have Bitcoin, and you don't need to use all your savings to be able to get exposure to Bitcoin. You can start from something small, insert 10% of your income every month, for example buy Bitcoin $ 500 every month, think of it as you pay insurance. Yes, because Bitcoin is insurance to achieve financial freedom for old age.