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?
Your details is insufficient to give you the advice you are looking for, you are retiring which is fine but what's the nature of the job you are retiring from. If you are retiring as a civil servant, you will be given your gratuity and then pension will follow which is going to be 40% or more lesser than your original salary till you die, gratuity is what some use in start something new as retirement plan, this is what I understand Asa civil servant, you still get your pension to pay your bills.
However, you are coming off as a someone who work in company, there is nothing like pension after your retirement. If you are been given your gratuity, that's all and you will be left with nothing unless you have another passive income already. Do you think it will best to buy Bitcoin with that amount of money while you have nothing else? If you know you have another way to sort out your basic bills, then you are safe to buy Bitcoin since you are doing it for long term.