We shouldn't bother including altcoins since we can't predict which one might crash like Luna did. Plus, altcoins are way more unpredictable than Bitcoin, and a lot of them just don’t hold value over time. My primary focus is on Bitcoin. If they decide to add cryptos to retirement plans, Bitcoin will definitely be the first choice.
Despite all the concerns, I genuinely believe Bitcoin will hold more value than traditional currency down the line. Having Bitcoin as part of a retirement strategy could be a smart move. They might not see it now, but Bitcoin is going to prove its worth once again.
My view is the same, as including altcoins in a retirement plan isn't a good decision due to their volatile performance and lack of a store of value like Bitcoin. The decision to build a retirement fund requires careful consideration, and a structured plan is needed to achieve the desire for a much better life in the future. By choosing Bitcoin as a retirement plan, a person is already building financial freedom, even if the process starts with a small, consistent investment.
Just like in the early days of Bitcoin, many people doubted the asset, but ultimately, Bitcoin proved it. This could be an example of why bitcoin is worth considering in preparing for retirement because this asset is a place to store value, in contrast to altcoins which may be much riskier to implement due to their volatile nature and are not a place to store value like bitcoin.
In general, including Bitcoin as part of 401(k) plans may be good and boost confidence in long-term investment, but 401(k) plans usually involve low risk and low profit margins, which is not the case with Bitcoin, and therefore it is natural that there are voices opposing this adoption.
This is because they want to keep many people poor or not to have the money they supposed to have. If you take a look at bitcoin price very well, you will see that it is not risky at all. I have some losses when bitcoin fall below $70000, but I prefer to keep on my DCA. These people are just liars that people may think they care, but not doing what can make their citizens rich. Just like you have first said, if bitcoin is included in the long term 401(k) plans, it will be very profitable for workers in the United States. Bitcoin supposed to be for long term holding which 401(k) plans are for. I have not seen any asset that is very easy to predict like bitcoin before, I do not know why people just do not get it.
Yeah maybe good if the people doing it have deep knowledge about Bitcoin, since for sure that they won't oppose on that plans to take part of their 401k then put it up on Bitcoin. But for those who cannot handle the risk also don't know Bitcoin for sure they oppose this plan, since they might get scared about fast volatility or movement of Bitcoin.
But maybe if they have programs that explains well how good to diversify on Bitcoin, maybe people will understand that Bitcoin is not an asset that need to fear about, but rather an asset good to invest or accumulate for long term.
You're right that altcoins shouldn't be included in 401(k) plans, but we both know that the executive team of altcoins will use to the idea of contributing to the political campaign of one of the leaders in charge, so that it can be listed in the 401(k), just as SBF once did and the CEO of XRP is currently doing. We'll still see altcoins added to the list despite their lack of potential and inability to avoid becoming the next Luna.
Elizabeth is just a crying baby and her complaint won't stop the plan because she's fighting a lost battle.
I didn't know bitcoin is about to ger included in 401k. That is amazing. There is a lot of money in those funds , and this could even trigger a next bull market.
Although a think bitcoin is amazing for such plans, in these 20-40 years investment plans there are many other good options as well . A well diversified stock portfolio for example certainly have amazing returns which can even outpace bitcoin in the next 20-40 years.