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Could Bitcoin Help You Retire a Millionaire?
When most people think about retirement, they probably aren't thinking about Bitcoin (CRYPTO: BTC). Historically, Bitcoin has been a risky, speculative, and volatile asset -- exactly the sort of asset you don't want to have in a retirement account.But, for many investors who have not saved nearly enough for retirement and are now playing catch-up, Bitcoin could offer a potential lifeline. After all, it's arguably the only asset capable of churning out triple-digit returns with any regularity. But can it really help you retire as a millionaire?A growing number of high-profile investors now think that Bitcoin could hit a price of $1 million or higher sometime within the next decade. For example, Cathie Wood of Ark Invest thinks Bitcoin will hit a price of $1.48 million by the year 2030. And there are still others who think Bitcoin will hit a price of $1 million by the end of 2028.Continue reading
When most people think about retirement, they probably aren't thinking about Bitcoin (CRYPTO: BTC). Historically, Bitcoin has been a risky, speculative, and volatile asset -- exactly the sort of asset you don't want to have in a retirement account.
But, for many investors who have not saved nearly enough for retirement and are now playing catch-up, Bitcoin could offer a potential lifeline. After all, it's arguably the only asset capable of churning out triple-digit returns with any regularity. But can it really help you retire as a millionaire?
A growing number of high-profile investors now think that Bitcoin could hit a price of $1 million or higher sometime within the next decade. For example, Cathie Wood of Ark Invest thinks Bitcoin will hit a price of $1.48 million by the year 2030. And there are still others who think Bitcoin will hit a price of $1 million by the end of 2028.
