$28 trillion in Bitcoin for retirement industry.

avikz

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Quote from: Qcrypto on June 03, 2020, 10:25:34 AM

Check this out: https://crypto-potential.com/post/%2428-trillion-retirement-market-to-crypto

Article says that only about 7.1 million (out of 355 million) Americans are using/owning Bitcoin. Thats a huge market potential right there.
They are seeing retirement industry as the next step for Bitcoin.

$28 Trillion is a lot of money and it just represents the USA.

Thoughts?

I am not sure about the numbers but potential is there! However, I personally don't think bitcoin has matured enough to become a suitable choice for retirement funds yet.

Probably millennials who have recently started working may consider it but definitely it is not a suitable investment for middle aged people. They simply can't take such risks. Probably small token investments can be done, but definitely not as a retirement fund.

People who are approaching retirement age, probably would like to stay away from such a volatile asset. They would want a stable return every month and bitcoin certainly doesn't guarantee any return unlike banks!

Qcrypto

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Quote from: BrewMaster on June 03, 2020, 11:13:26 AM

Quote from: Qcrypto on June 03, 2020, 10:25:34 AM

Article says that only about 7.1 million (out of 355 million) Americans are using/owning Bitcoin.

considering you own this site, where did you get this number from? it seems too huge to me. there might have been a couple of million people who temporarily invested in bitcoin during the 2017 hype but they weren't long term.

There is a link at the bottom of the post

BrewMaster

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There is trouble abrewing

Quote from: Qcrypto on June 03, 2020, 10:25:34 AM

Article says that only about 7.1 million (out of 355 million) Americans are using/owning Bitcoin.

considering you own this site, where did you get this number from? it seems too huge to me. there might have been a couple of million people who temporarily invested in bitcoin during the 2017 hype but they weren't long term.

Qcrypto

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Quote from: batang_bitcoin on June 03, 2020, 11:00:26 AM

We're not yet there and IMO we're far reaching that market cap. What we must aim first to reach back the all-time high that we're crazily hyped. And once it's done, we should aim for the $1T cap first before thinking of beyond. Bitcoin is volatile and it's the character which will make it reach those heights that we haven't expected before. The STF model has been a massive topic for the past weeks and even months before, we'll see it in the future if it does.

Have you even read the OP?

batang_bitcoin

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We're not yet there and IMO we're far reaching that market cap. What we must aim first to reach back the all-time high that we're crazily hyped. And once it's done, we should aim for the $1T cap first before thinking of beyond. Bitcoin is volatile and it's the character which will make it reach those heights that we haven't expected before. The STF model has been a massive topic for the past weeks and even months before, we'll see it in the future if it does.

Qcrypto

member

Activity: 339

Merit: 15

Check this out: https://crypto-potential.com/post/%2428-trillion-retirement-market-to-crypto

Article says that only about 7.1 million (out of 355 million) Americans are using/owning Bitcoin. Thats a huge market potential right there.
They are seeing retirement industry as the next step for Bitcoin.

$28 Trillion is a lot of money and it just represents the USA.

Thoughts?

Topic: $28 trillion in Bitcoin for retirement industry. (Read 140 times)