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Thursday, March 16, 2017

Many Are Mulling Over the Idea of Retiring on Bitcoin

Many Are Mulling Over the Idea of Retiring on Bitcoin

Bitcoin has surpassed the value of gold for the first time. In parallel, Bitcoin’s deflationary properties are becoming more relevant as the specter of inflation starts lurking again in the U.S. and the Euro area. As a result, for many, the thought of investing their retirement savings in bitcoins is starting to gain traction.

The idea of retiring on Bitcoin is not new. For years, users in forums related to the cryptocurrency have been discussing this topic.

The question of how many bitcoins would be required to retire was often posted in Bitcoin forums. For example, in April 2014, Bitcoin forum user Alley asked, “How many bitcoins do I need to retire in 20 years?” To which, in turn, user Tron replied that to be safe two bitcoins would be required.

Now, because of the stellar performance of the cryptocurrency, many individuals are again becoming tempted to explore the idea of using bitcoins for retirement purposes.

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