Is Cryptocurrency the New Retirement Asset?


Everyone is always saying that we need to be saving for our retirement. Whether it’s 401k, Roth IRA, or just a standard savings account, our families, friends, and coworkers are always working towards one goal… retirement. It’s a no-brainer that retiring is our end goal because nobody wants to work until they’re dead.

With the devolving trust in the traditional savings of our finances via banks or investment firms, a new wave of the workforce is looking for better options to secure their financial future. Millennials, primarily, are utilizing cryptocurrency by holding their assets long-term and hoping for brighter days at the end of the tunnel.


According to a survey conducted by economic researchers last month, about 47% of millennials have 25% of their total wealth invested in cryptocurrency. We are already aware that older generations are stuck in their ways and place crypto investing on the back burner. It reminds me of the saying, “You can’t teach an old dog new tricks.”!

This is mainly due to the younger generations being more intellectually engaged with technology and new ideas. They are tired of the traditional ways of living and are always striving to improve their financial freedom. The generational divide is becoming more clear as the years go on with innovations to technology and going about our daily lives.

But is allocating crypto assets a smart move as a retirement venture? Well… it could be and it could not be. The volatility of the crypto market is enough to give any investor/saver a bit of anxiety. It’s safe to say that most crypto offers a much higher annual percentage yield with all the different options to earn with what you’re currently holding. You have options of staking, yield farming, lending, and profiting from the initial investment itself when the market moves.

It’s not necessarily true that holding your assets will produce a bountiful profit over time. It’s also not necessarily true that your fiat currency will be delivered to you once you hit retirement. With economies flipped upside down from COVID-19 and other factors, it’s hard to say that the newer generations will even be able to retire and collect any benefits from their employer.

This is what brings crypto investing to light over hoping that you’ll receive a pension or retirement plan from your employer. If you live in the United States, you probably won’t even be able to claim social security benefits once you reach the age threshold. It implants the idea that you’re going to work your entire life and it’s up to you to make something of it when you’re unable to work when your bones are squeaking and cracking with each step. Nobody wants this and, since crypto is the currency of the future, people are beginning to see that they need to get it while they can before it's too late.


There’s always a risk with everything, whether or not you’re investing in your future. With proper market research and smart trading, you could secure your future with more money than what you originally intended. If the volatile market is too frightening, then you still have the option to save small increments from each paycheck into a traditional retirement plan. The choice is yours, but if you want to have an easy life once you’re older, your choice could make or break the remaining years you have.

Do you think investing in crypto for retirement is a good idea?
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