Millennials Retiring With Crypto: Is It Possible?

Why are Millennials retiring from Crypto?

Retirement and Crypto seems like a topic that shouldn’t gel together considering that Crypto with its volatility is for short term traders while Retirement is a long term prospect. This is actually proven otherwise as according to a recent study done by Investopedia, 28% of the U.S. millennials are more likely to choose cryptocurrency as a tool to support themselves during retirement while 20% of Gen X and 17% of Gen Z also stated the same. This figure was higher than your normal savings platform like the 401k or IRA (25&) and stock market (27%).

Source: https://coingape.com/can-buying-cryptocurrency-impact-retirement-planning/

Is It Possible?

Cryptocurrency over the years has made a lot of people fortune and young millionaires but also managed to wipe out a lot of people’s savings. There are stories of people who have managed to turn $25,000 into $26 Million but also people who have bought at an overpriced market and lost it all during the current dip. The key here is to choose the right asset with proper fundamentals and buy it when it is still undervalued just like Bitcoin was at the beginning of the 2010s so you can massively multiply your investment over your working age.

Source: https://www.vecteezy.com/vector-art/2120514-alternative-financial-assets-crypto-currency-bitcoin-cash-and-gold-for-investment-retirement-plan-concept
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Nagaya Technologies

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/