Is Bitcoin Safer for Retirement Than Social Security?
You'll often hear that it's important to save consistently for retirement because you'll need the money to cover your living expenses. And when we think about the costs seniors face, from housing to healthcare, it's easy to see why.
Not only must you save well for retirement, but you should also invest your savings in a manner that generates solid growth. The reason? Inflation has the potential to erode your buying power over time, but if your investments generate a high-enough return, you can outpace inflation and wind up with enough money to cover all of your senior living expenses and then some.
In fact, you may be eager to buy Bitcoin (CRYPTO: BTC) as part of your long-term retirement strategy -- especially in light of rumors that Social Security may fizzle out by the time your senior years arrive. But is Bitcoin really a solid and safer bet?
Source Fool.com
