Looking to Bitcoin and Other Cryptocurrencies For Retirement

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Looking to Bitcoin and Other Cryptocurrencies For Retirement
<center>https://cdn.pixabay.com/photo/2018/03/21/16/18/investment-3247252_960_720.jpg</center>
Bitcoin and cryptocurrency has become a investment product and method of payment that is in high demand in multiple industries today. 

Already we see that more investment firms are looking at adopting bitcoin services and other cryptocurrencies, as well as different companies implementing the payment systems for it as well. 

Many today believe that crypto is a strong retirement investment. 

One survey suggested that as many as 60% of respondents saw it as a strong place for their retirement investing. And that isn't the only optimistic news to show that demand is growing.

## Many young people today are comfortable with cryptocurrencies and thinking of exploring crypto for their retirement, even if it is volatile. 

<center></center>Confidence seems to be going up with consumers and institutional investors as well. 

We've seen more than one country adopt bitcoin as currency and there are multiple cities looking into their own bitcoin projects too. 

## The demand for bitcoin and a retirement savings connection is only going to grow in the future. 

<center></center>Today those who are more concerned about their retirement funds might not be that open to bitcoin investments but that isn't the same for the younger generation who are willing to take the risk for the potential of having a satisfactory return. 

It has been seen over the past few years that Gen Z and Millennials are driving bitcoin adoption and cryptocurrency interest but we shouldn't discount Boomers yet. 

Research by BTC Markets shows that interest with this demographic is growing too and at a fast rate. 

The move to provide those products and services for anyone looking to get ready for retirement isn't going to come without its criticism though, innovation rarely does. 

Pics:
pixabay

*not financial advice*

Sources:
https://bitcoinist.com/bitcoin-become-retirement-investment-survey-shows/
https://www.bankrate.com/investing/survey-millennials-cryptocurrency-investing-2021/
https://finance.yahoo.com/news/bitcoin-ira-survey-finds-one-153500137.html
https://www.cnbc.com/select/investing-in-crypto-before-retirement/
https://ca.finance.yahoo.com/news/move-aside-millennials-baby-boomers-111233607.html
https://www.wsj.com/articles/saving-for-retirement-now-you-can-bet-on-bitcoin-11624613435
https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309
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