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Cryptos becoming a popular option to fund retirement

June 06, 2022

Cryptos becoming a popular option to fund retirement
More individuals in the United States than ever before are turning to cryptocurrencies to assist with funding their retirement, it seems, even as the new market carnage provides a distinct update that this wild market isn’t for the faint-hearted.

Some 27% of Americans aged 18-60 – around 50 million people – have owned or traded crypto in the past six months, a poll published last week by crypto trade KuCoin found.

However, more established societies are more dedicated to the young asset resource class than everybody, as per the overview done toward the end of March, with 28% of those aged 50 or more betting on crypto as a feature of their exit from the early retirement plans.

Their generally well known for investing in crypto were that they saw it as the future of finance, they would have rather not miss a hot trend, and they considered it to be a way to diversify their portfolios.

The market turmoil of recent weeks has hushed talk earlier in 2022 that bitcoin and another crypto would win mainstream acceptance and be ushered into pension plans.

“If they (investors) need crypto, it ought to be a small allocation of their portfolio, and they should be prepared to lose it,” said Erik Knutzen, chief investment officer venture for multi-asset class strategies at Neuberger Berman.

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