Could Bitcoin Help You Retire Early?
Cryptocurrencies such as Bitcoin (CRYPTO: BTC) have the potential to completely redefine the way individual investors think about retirement. This is due to one simple reason: Bitcoin has the proven ability to deliver the type of sky-high, stratospheric returns that simply are not possible through conventional stocks and bonds. As a result, some investors now view Bitcoin as a possible tool to help them retire early.
But just how realistic is that assumption? After all, as we've seen in 2022, cryptocurrencies and crypto institutions can crash at any time, often without any advance warning. With that in mind, here are a few things to consider if you are thinking about Bitcoin as a possible retirement option.
While it is true that Bitcoin is up more than 16,229% since 2013, it is also true that Bitcoin is prone to enormous volatility swings. Throughout its existence, Bitcoin has had at least five different periods when it crashed significantly. During the first of these crashes, Bitcoin plummeted from $32 to $0.01 in just a few days.
Source Fool.com
