In BriefIn a post-globalized, post-depression, pre-apocalyptic world,traditional pensions have lost the public trust. Howeverunfamiliar, the future of investing may lie in cryptocurrency. The Future of Crypto <\/p>\n
Those who have retired within previous decades, or even some who are currently looking to retire, have earned pension funds which allow them to transition out of the traditional working force. This is unfortunately not a reality for many working today. Recently though, experts have suggested that the future of and potential for cryptocurrencies could be this generations supplement for pensions, re-affirming retirement as a viable alternative for working adults. <\/p>\n
Ron Ginn, the young founder of Text Event Picsand investor inRipple,et al real estate, said to TheNew York Timesthat This is like getting to invest in the internet in the 90s. Im obviously very bullish, but I expect to make a couple million dollars off very little money. This is the opportunity of a lifetime. Finance is getting its internet. <\/p>\n
While cryptocurrency isnt a precise parallel to pension funds, its still a very hopeful and promising investment. At the very least the consensus leans toward its eventual reliability. Nothings carved in stone,but recent developments in financial technology have shown thatpalpable risk is correlated with significant gains. <\/p>\n
Money has no value without trust, and this truth holds no less true for investment. Today, with pensions and 401(k)s growing rarer while memories of the recession of 2007-2009 still linger in the air, finding a realistic way to invest in a financially secure future (in the traditional sense) can seem like a lost cause. Consequentlymany see crypto investments as the safer alternative. Gabe Wax, who runs a recording studio in Brooklyn, told The New York Times, I constantly feel like Im looking over the edge. of a cliff [] I dont like the idea of money just sitting in a savings account with the way inflation works and how low interest rates are, youre losing money. Theres less money than theres ever been in the history of recorded music, so that gives me anxiety. Its weird to say that owning cryptocurrency soothes that anxiety, because its counterintuitive, but it does. <\/p>\n
As major players like Bitcoinand Ethereum compete against new-name giants like Bitcoin Cash, which advanced to third-biggest in market capitalization in its first 48 hours,the dawn of cyrptocurrency has become an inevitable reality. Looking around, its rapid global proliferation is apparent in everydaywearable technologies,which softens the distinction between financial and digital. <\/p>\n
The days of stable, reliablepension funds may be on the proverbial endangered list. Alas, this generations trust in the forces of globalization and traditional financial institutions may again be at low ebb. Consequently, while many in previous generations joined the workforce with implicit trust in traditional institutions, many younger investors will pivot to cryptocurrency. The futures never a certainty in economics, but wed all be remiss to ignore this increasingly viable means for financial security. <\/p>\n
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content. <\/p>\n
<\/p>\n
Go here to read the rest: <\/p>\n
Experts Suggest Cryptocurrencies Could be This Generation's Supplement for Pensions - Futurism<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In BriefIn a post-globalized, post-depression, pre-apocalyptic world,traditional pensions have lost the public trust. Continue reading