Retirement is a fear that all workers harbor, the strength to work will give way, due to old age and dwindling energy. At this stage, the only compensation for one is the lifetime savings, popularly called pensions. But the recent decline in the price of the state pension, red tape and bureaucratic process involved, and the rise in prices of goods and services, have been given workers sleepless nights. But there seems to be a solution.
Bitcoin, A Viable Option
The price of Bitcoin surges up to a very high-level last year, with the price almost hitting $20,000 for a Bitcoin at the time. Though the price has been on a downward slope since the beginning of this year, its gradually shaping up and gaining back its lost momentum.
The cryptocurrency market is volatile; the prices are not stable. There are lots of coins are out there in the market, with a promising future, but with the amount of scam that has rocked recently, the unprecedented fraud that has enveloped the crypto space, with monumental hacking that has hit the market – this has chased many would be investors away from the crypto market.
However, as the new regulations of the state pension, pegging the price at a little over £164 per week, workers need an additional source of income, and in Bitcoin, a new hope have resurfaced for the aging workers.
Since the introduction of the white paper that transformed the financial sector since 2009, with its sister Bitcoin, coming afterward, it has become a mainstay in the daily life of people globally. The digital currency has transformed into a multi-billion dollars investment, with millions of people identifying with the coins. Though, it’s volatile, but with the right advice from expert and analysts, the pensioner might sail through the market, unharmed and with a lot of profit to compliment the sacrifice.
Though there are still fears that the market is limited in size and cannot completely faze out the traditional financial institution, but if it cannot replace it, it can serve as a reputable alternative with a better focus to compete favorably in the financial market and give customers several options to pick from.
Though, some pundits are of the opinion that its better to invest in shares, due to the growth of companies especially in the downstream and technology company, who are growing by the day and its more stable than the investment in cryptos, especially Bitcoin. Nevertheless, not all shares are stable, most companies suffer liquidation, and the investors bear the brunch when they go down.
With the major acquisitions among technology companies, banking, and others, loss of data can lead to shortchanging of investors, so not all is glooming and shinning.
Losses are recorded at companies too, and as shareholders, the brunt will be shared together, as they are all part of the establishment.
The rise of cryptocurrency in today’s digital word is unprecedented, virtually all aspect of the world now accepts the digital currencies, cryptos as been regulated in some ways and still been regulated in other places. Experts are flourishing in the market; it will not be too much of a risk for pensioners to invest in Bitcoin.