As human beings we are constantly thinking about what the future will be like and how it will affect us personally. And because we cannot change circumstances that are out of our control or that are much older than us, we try to do everything possible to have a stable or secure future, that is why when we are young we try to work hard to save and invest so that when we are older and retire we do not have to be in need or be an economic burden for our relatives.
The retirement issue plays an important role in our society, that is why for the work system is mandatory to offer a retirement plan to all people, that through a monthly fee paid to a social security you will manage to accumulate a small cushion of money that will serve as a monthly income when you can no longer work legally at the age of 60 years and older (this varies from one country to another).
But nowadays the retirement plans offered by the different countries worldwide are not as attractive as they used to be for many reasons, but I will mainly mention 2:
First, every year fiat money is constantly devalued: what you buy today with $5 or €5 will not be the same as what you will be able to buy in 10 years with the same amount of money.
Second, the retirement system is never on the side of the people: and we can take the example of Chile and Venezuela, two nations with a totally different economic situation but with the same problem with the retirement system.
Two years ago in Chile there were strong protests because people were asking for the pension fund not to be managed by private companies or AFP. This private pension system forced workers to deposit their retirement savings in individual accounts managed by AFPs. These AFPs
invested that money in the markets in order to make their funds profitable and this meant that when workers retired they did not receive the full amount of money.
Venezuela due to hyperinflation has made that those people who worked for so many years and today are elderly and retired, the pension is not even enough to buy a liter of milk in a bakery, and although the current government constantly injects social aid or bonuses to those elderly people to solve the crisis, the monthly pension does not even reach $2.
All these situations that can happen in any country makes us young people who hope to have a future retirement think a lot, since we must find a way to have a secure retirement where we can also mobilize our funds ourselves and invest them in our own way and also that they revalue instead of losing value. Now, why are cryptocurrencies the ideal solution? Just look at how large corporations have invested large sums of money in bitcoin and other altcoins to protect themselves from currency devaluation, and if you analyze in detail what they do it makes us think that it is also time to do the same.
Recently the cryptocurrency trader Scott Melker, made a very interesting suggestion in a tweet, he said that instead of buying a coffee at Starbucks for $5 it is better to prepare the coffee at home and invest that $5 in bitcoin and that if you do this every day in 10 years you will have a secure retirement plan.
(Source https://mobile.twitter.com/scottmelker/status/1356915679799222274)
Of course we know that you can not invest $5 daily in bitcoin because the commissions are much higher. But think about the idea of setting aside $5 daily and at the end of the week or month invest it in bitcoin or another altcoin with excellent growth, you will undoubtedly have a good cushion that every day will be revalued for 10 years.
Why is it so important to switch to the cryptocurrency economy at this time? First think about how the traditional economy has fared in 2020 with the coronavirus pandemic, we see that it contracted a lot even economically prosperous countries were in serious trouble as the United States, Japan and some European countries. And it is expected that for 2021 and 2022 it will be the same as the economy will grow at a very slow pace.
On the other hand, if you look at cryptocurrencies and the system of decentralized finance you will see unprecedented growth a few weeks ago the market capitalization of cryptocurrencies exceeded one trillion dollars and every day we see news like this:
So we can clearly see that cryptocurrencies are a better investment bet for the long term, think for example in the case of bitcoin that in the last five years has gone from $11 to $40K a great solid and consolidated growth. Also expert analysts suggest that this bull run we are seeing right now is not only for bitcoin but also for other altcoins that have gained good ground.
What more proof do you need to get on board the crypto boat? Many lions among them jonnycoin, are already doing their part to cement a more secure future for him and his family.
I am not a financial advisor and the decisions you make are your own responsibility. I recommend that you do your research before making an investment decision so that you know what is best for you.