Saving for retirement in Bitcoin is getting closer in the US

Anyone can save for retirement by investing in cryptocurrencies, but it's more of a task for those looking to get involved. Meanwhile, classic pensions "save themselves". Part of the remuneration simply goes to the selected institution that is to invest it. Now some Americans will be able to invest 20% of their portfolio in cryptocurrencies. The entire process is to be automatic and will be supervised by the international financial hegemon Fidelity Investments.

It must be admitted that the idea of ​​the international financial institution Fidelity Investments is not new, but no one has decided on it for good. At least on a national scale, because single cases have been happening for a long time. For example, run for over two years by the Forex Club a retirement investment portfolio based solely on cryptocurrencies. 

Let us remind you: for 26 months, we regularly pay 60 euros at the beginning of each month Binance cryptocurrency exchange and we buy tokens that we previously considered the most promising. In total, we have already invested EUR 1, while on April 560, 01.04.2022, the account balance was EUR 9.555,89. In 25 months, our portfolio increased by EUR 7, i.e. the rate of return is so far dizzying 995,89%, which of course is not even the dream of institutions such as OFE or ZUS. 

Read more: Cryptocurrency, i.e. monthly investment in cryptocurrencies in the Forex Club portfolio

Retirement in Bitcoin - an idea of ​​Fidelity Investments

Now, big players want to fight for similar returns on invested capital. The idea of ​​Fidelity Investments assumes that all people who have retirement plans in the US will be able to transfer some money to investments in Bitcoinie. 20% of the accumulated funds could go there. 

The main advantage of this solution is that it will be fully automated. Future retirees would not have to open an account on any cryptocurrency exchange, or undergo any additional formalities, pass tests, etc. 

Millennials want to invest in cryptocurrencies

All studies show that for the young generation, cryptocurrencies are something completely natural. The president of Kingdom Trust even believes that the introduction of pensions based on cryptocurrency purchases is only a matter of time. 

We had the first announcement of this change in April, when Vantage Bank of Laredo, Texas, announced the introduction of bitcoin savings plans for its employees. Each of them has several options for saving in BTC.

Pensions in cryptocurrencies as a new fuel of growth?

It is not difficult to guess that BTC pension investment plans could be - or almost certainly would be - a major breakthrough and a really solid fuel for further increases in cryptocurrency valuations. The constant demand of financial institutions is the best that you can imagine, because according to preliminary estimates, saving in Bitcoins would initially be introduced by 23 companies directly related to Fidelity Investments.

Moreover, it is not an irresponsible idea of ​​one of the managers, but a decision even forced by clients. It was they who claimed that they were increasingly interested in investing in cryptocurrencies. And it's not only BTC, but also altcoins. At the beginning, however, only tokens of the oldest cryptocurrency in the world are to be included in the pension plans. 

More and more financiers are arguing that the question of whether it will be possible to save part of the retirement in cryptocurrencies is simply wrongly posed. Because it should not be "if", but "when" and what part of the earnings can be invested in this way, in order to enjoy financial peace for the last years in the future.