Dan on Nostr: SHOULD A 70 year old buy Bitcoin? YES, in my opinion. Why ? 1. Volatility based ...
SHOULD A 70 year old buy Bitcoin?
YES, in my opinion.
Why ?
1. Volatility based "insurance" for an existing portfolio
2. High statistical chance of 6 year return, still actuarially exercisable.( average life spans)
3. A great Bond proxy, or actual bond in some cases now with Microstrategy.
4. An extremely good tax loss harvesting tool in cases where the client has a large and varied equity portfolio.
5. Asset diversity, that never existed before.
6. The good old inflation hedge.
7. Could be one hell of an estate planning tool.(incredible possibilities here), both "legal" and "illegal".
8. A healthy "social , generation bridge" between the younger generations and the 70 year old subject.
YES, in my opinion.
Why ?
1. Volatility based "insurance" for an existing portfolio
2. High statistical chance of 6 year return, still actuarially exercisable.( average life spans)
3. A great Bond proxy, or actual bond in some cases now with Microstrategy.
4. An extremely good tax loss harvesting tool in cases where the client has a large and varied equity portfolio.
5. Asset diversity, that never existed before.
6. The good old inflation hedge.
7. Could be one hell of an estate planning tool.(incredible possibilities here), both "legal" and "illegal".
8. A healthy "social , generation bridge" between the younger generations and the 70 year old subject.