Topic: [2018-05-12] Millennials Are Buying Cryptocurrencies to Save For Retirement (Read 330 times)

Comparing it to the traditional way of investing money, millennials are starting to uncover and the trend of investing into a new platform, which is the new age of technology and payment transactions. Back then, people used to invest their resources into banks, stocks, treasury bills and notes while millennials are considering new and effective methods in order to achieve results faster. Most investors who are inclined into the traditional way of investing (like what I just mentioned above) disapproves on bitcoin, as they believe that its intangible, decentralized and volatile nature would be their bane in the future. Little do they know that cryptocurrencies are indeed, the new age of investing resources. But what like any investments, risks are still involved and it is relatively higher compared to others (due to the lack of security and collateral provided).

The blockchain, which contains complex processes and systems, revolves around the developments provided by scholars and professionals. If they are able to crack the code furthermore in the future, then expect government agencies to at least, support this development in the society.


Well, ANY smart investor would know that diversifying their investments would lower their risks of losing most of their investments in one go. I doubt that millennials overlooked this kind of scenario- considering that most of them has a future-oriented way of thinking.

i really wouldn't be surprised if many are entirely all in. one thing young people usually have a shortage of is long term strategy.



i wouldn't be surprised if there are no government supplied pensions in a few decades. they're all effectively ponzis and lifespans, or rather expected retirements, are too long to sustain them.

as for the 9 year old thing, the thing you read anywhere regarding investments is the old past performance is no guarantee of future performance.

Being a millennial - let me disagree with you. Yes, we cannot say that they are all smart af and diversify their risks, but the younger generetion is commonly more smart and skilled in comparison to older crypto enthusiasts.
However, I don't have any proofs for you right now, but you can find it using google (researches, statistics and other evidences of this)

Getting back on topic - I don't believe they investing in crypto to save for retirement. I don't know anyone who does this (90% of my surrounding - are millennials). We prefer to act now and not to worry about something that will possibly happen to us in 20-30 years.

Haha, I'm not sure I agree with them being smart enough to diversify... there are plenty of folks who have poured everything into ethereum or litecoin with hopes that will fund their retirement.

Very rarely do I find someone creating a balanced cryptofolio...

Haha, yes, it was an offer too good to pass up.  I just tipped my bell hop guy on vacation yesterday with crypto and had a good 15-30 minute discussion about bitcoin.  I suggest integrating activities like this into your daily life and then pretty soon, bitcoin will be justified (more so than is already is).  Will always be painful in between given the lack of adoption and regulation in the space.... "growing pains"


Yes, those folks are retired now (who decided to hold on to at least enough, but many didn't...)

diversity is always a good idea, which is why I've outsourced investing decisions to a financial/investment planner; next up, considering outsourcing some of my crypto investment decisions to a crypto hedge fund... leaning towards doing it, but have been vetting them for 3 months now... hopefully, pull the trigger to decide not to this month.

PM me if you're interested in any details on what I've done, and who I've hired... I'm off to buy breakfast at my local breakfast shop who I got setup to accept crypto recently The owner is a real crypto enthusiast!!!

I'll be posting about them as soon as he integrates into his POS system; hopefully, by Bitcoin Pizza Day; Fingers crossed!!!!!

That's an epic move on your part. In retrospect I should've been sensible and done the same. I'll save it for the next run. I believe the next bubble will be gargantuan and I'll also guess it'll be the last fuelled by pure speculation.

At some point crypto has to justify its existence as more than a speculative toy. It will someday. The bit in between could be extremely long and extremely painful.

Do you think that the pension system will exist in next 30-50 years from now, or people will be forced to work while they live? Why would anyone be crazy if invest in cryptocurrency then in a pension fund, trust more to governments then crypto?

It is true that that crypto is just 9 years old, but for anyone who invest less then 50$ in BTC back in 2010/2011 and if he kept coins untill today, we talk about millions $ of profit. That means these people are retired today, and enjoy without stress and fear for their future. I'd rather risk my money in crypto for next 10-15 years, then trust that money to my government - they will fall much sooner then BTC.

Completely agree.  I cashed out 80% of my holdings this past December to lock in my retirement, while holding on to 20% to hopefully, fund a more exciting retirement rather than just locking in basic living expenses.

Here's hoping

But that is the problem. As an investment that's more closer to speculation, the cryptospace feels right. But as an longterm investment and putting all your hopes and dreams in the cryptospace for your retirement feels wrong.

Maybe at length, Warren Buffet was right about bitcoin as more of an asset for speculation.

I agree. Putting all your eggs in one basket just seem absurd to me. Specially for something like retirement. There's so much changes in crypto everyday not just in prices but also in regulations. And it doesnt sound like a good idea to me to put all my retirement in crypto because one regulation could wipe it out. At the very least i'd wait for much of the regulations to be finalized.

I've observed that millennials are now open to investment options for retirement rather than just saving their money in the bank or just depend on the government for support when they are in retirement age. The social media in which most of the millennials are using opened their eyes to look for ways to increase their retirement funds and find an investment that would beat inflation as opposed to their parents who mostly just saved their money in banks because they thought that investment is complicated so they just choose what others did before. Being tech-savvy, no wonder millennials are considering investing in cryptocurrency than the traditional investment vehicles because it has shown tremendous gain in just a few years. Millennials too are more risk takers than the previous generations in my opinion.


Bitcoin is seen as a lucrative store of value now as opposed to being use as a currency because of its nature being volatile and speculative. Being still in its infancy, bitcoin has yet to find its true value and since the speculation of some experts in this industry is positive, people would just choose to hold their coins instead of spending hoping that one day, it would become valuable and they wouldn't worry in their retirement age anymore.

anyone putting the majority of the money that they'll need to depend on in 30-50 years into crypto is a legitimate crazy person. the entire space is only 9 years old.

if you make a huge short term profit with a portion of what you have then great. take it out and buy a bunch of land.

Really? What cryptcoin projects are you invested in and planning on investing in? The millenials might also be making a very huge error in judgement by speculating in the cryptospace for their retirement savings.

I think Millennials are more technological driven than the Baby Boomer Generation 1946 - 1964 and Generation X (Baby Bust) 1965 - 1979. The Xennials - 1975 - 1985 might be a bit more technological driven and might fall in the same category as the Millennials.

I think many of these Millennials recognized the pitfalls and negativity of investments in the traditional Fiat investments and how corrupt this system has become and they are also seeing how their parents are suffering, because these investments gives small returns over time.

They want faster and bigger returns on their investments and something that fits in with their technological background. They also want to be in control of their own destiny and their wealth and Crypto currencies offer them that freedom.  

It's not surprising given the hype. Millennials invest heavily in pot stocks, too.


Which companies were those? The company that does our retirement/profit sharing plan is super conservative. Small but steady gains. They don't even allow us to put our personal 401ks into anything remotely risky. I need to quit my job before I can roll it into anything bitcoin-related.

I'm a millenial and it's the best option compared to other companies that offers retirement investment.  I have seen a lot of them went bankrupt so I would definitely go with btc that I really own and not in somebody's control.

It seems like a no brainer to me. Something has to be established and accepted as a store of value before people treat it as a currency, but that's just me.

You need all parties to be confident that the thing they're transacting with is going to be accepted by some total stranger as worth something the day after that particular exchange.

At the moment in most cases when you're buying something, Bitcoin and BCH and everything else is nothing but a payment rail for fiat. It's going to take a long time before it doesn't occur to any major business to keep it without conversion.

I can well imagine two Bitcoin believers not thinking that way but they're already down the rabbit hole. You need the unemotional to think the same before it really goes places.

Also this brings the bitcoin versus gold, and the bitcoin as a store of value first versus as a medium of exchange first debates.

I reckon bitcoin is more of a digital gold to be used as a store of value first and as a currency next. Some altcoins like bitcoin cash consider their coins as mediums of exchange first and store of value next.

In most cases this would really happen and standards of living on a particular citizen would always vary on the possible decisions that they would made. If people do have the money to spare into investments then most likely they will really look into crypto but for those people who aren't capable on doing such thing would really secure out into traditional stuff which had been mentioned above like house,insurances etc.

Very likely because the greater part of people of non-developed countries do not have money to save. And if they would have some, their first idea would likely not to invest in crypto currencies, rather into a house, a car, livestock, education, (better) health insurance, etc.