Hello, today I will take about news that makes the crypto world very happy, big adoption from a country.
New Zealand has informed that retirement plans will hold 5% on Bitcoin. This means that people in New Zealand when retire from their professional lifes will have Bitcoin saved up for them by the government. This means a lot to crypto world, imagine holding BTC for 30 or 40 years, the 5% can be a lot of money maybe more than the other 95% in fiat currency.
This is only the start and I take my hat off to New Zealand for understanding that BTC is a great store of valie and will be the future gold. When retirement comes people will be very happy to see that they own so much in value.
Would you like to have this kind of plan in your country?
I sure do and for me the percentage should be even more, the perfect plan would be for you to choose your percentage in BTC and fiat. Look at the value of BTC and think that we are very early in adoption, from here even with bear markets the sky is the limit, maybe BTC hits 1 million or more in the future, this would assure your future and your kids future.
New Zealand is way ahead of other countries in this matters, other countries should look at it as a bright idea.
I think that crypto could save a lot of countries economies, they could create a big amount of value by storing crypto, one day a countries debt could be all liquidated by their holdings. But everybody knows that countries don't function this way and it seems that they want to keep the rich richier and the poor poorer. Middle class people are starting to be non-existant and this should worry everyone, the poor people are becoming even poorer and this ones are getting in a rabbit hole created from their governments that is very difficult to come out.
So, crypto come and save us because the current financial system is here only to make us lose.
In the other hand congrats to New Zealand for caring for their people and having their backs storing real value for them.
Best Regards,
Cryptopeach
