Definitely some really good news for us who are already in crypto as it should see new money flowing in hopefully increasing the market cap. Personally I would want my own control over the investment as we know what is possible by making that crypto work for you.
I am sure all of you are aware of Fidelity announcing the option to invest up to 20% of your retirement plan into crypto. What stood out for me was it is up to your employer to select the percentage of crypto up to a cap of 20%. What if you happen to work for an institution like a bank and they are anti crypto? Possibly your employer thinks only 10% is a good number and this is not your choice.
A survey showed that 28% of millennials expect to have some sort of their retirement plans in crypto which isn't really news as I would expect a 100% would actually be thinking like this. They have at least another 40 years or more before they get to the pension age.
Some of us wish we had slightly more time before the dreaded pension age as I have another 11 years, but that wont stop me from continuing at this crazy pace of wanting more. Having been in crypto for 4 years already I believe I am ahead of the curve and need a good 4 more years to really make the big differences required.
The problem with having a pension plan is knowing what it will be worth when the retirement age comes as we always hear of sad stories with pensioners struggling to make ends meet. Inflation which we have all felt the effects over the last year is no joke when you have just enough to get by each month with no hope of adding to the monthly payout.
This is where having control of your crypto assets and not tied up in some investment firm will really pay off as the profits are not diluted and come directly to your crypto wallet. Fidelity are only offering this service as they know they can see this being a big money earner for themselves and secondly for their clients which they skim their service fees off the top.
We have all seen how the likes of DeFi and staking work and the beauty of compound interest adding to the stake at regular intervals. If I was an employer looking out for my employees this is where I would want their crypto investment staked as that is looking out for their best interest. Just buying crypto and sitting on it for x amount of years is missing the point entirely of what is possible and why I question what Fidelity would be doing.
Thankfully for many of us on HIVE a $5 or $10 would take the worry away about retirement as we would be in a seriously good place financially. This is why I cannot emphasise enough the importance of ones stake as it allows you more options than most others who are in crypto. The ability to earn daily through certain actions resulting in a regular monthly income. This gives you the control over your future and not relying on someone saying what you are going to receive financially each month which is a huge win when looking at retirement.
The next 11 years for myself will not only be hugely exciting in crypto and HIVE but expect to also be hugely rewarding. Having a pension is one thing, but a crypto pension plan that compounds is unbeatable and should always come out on top. The crypto plan continues to increase even after retirement age as it is live and operated by yourself who is in control 24/7 365 days every year. having this ability to generate revenue is something we have learned to do and why we are ahead of the curve.
