Cryptocurrency for Retirement Planning? Buy These 2 Coins Now
Just a few years ago, the idea of including cryptocurrency as part of a retirement investment strategy would have been unthinkable. But, with Wall Street now embracing the idea of crypto as a stand-alone asset class, the situation appears to be changing. That's especially true for younger investors, who appear much more willing to take on additional risk if it means the chance to retire early.
From my perspective, there are still only two cryptocurrencies that make sense when saving for retirement: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). It's impossible to ignore the returns they have generated over the past decade. And new investment products are emerging that could make them much easier to add to a traditional retirement portfolio. Let's take a closer look.
The no-brainer crypto investment option is Bitcoin, which has an incredible track record of outperforming the broader market. From 2011 to 2021, for example, Bitcoin was the top-performing asset in the world, and it wasn't even close. Bitcoin delivered annualized returns of 230% per year. The next best asset class -- tech stocks -- delivered just 20% per year. While that type of performance will be difficult to replicate going forward, Bitcoin delivered returns of 150% last year, and is up 60% through the first five months of 2024.
Source Fool.com
