I wonder if we'll ever calculate that amount in a cryptocurrency. At this point, I don't think it would be very accurate to do it because our expenses are in fiat, but (let's say we're talking about bitcoin), bitcoin's growth is higher than most inflations in stable economies. So, the held bitcoin in a retirement account would appreciate in time while USD would depreciate if the long-term trends remain the same.
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Right, If the long term trend remains the same, then bitcoin will be a much better option than fiat when it comes to saving/investing for retirement. I think in terms of calculating our expenses, crypto stablecoins could be a good way to do it. Perhaps, split the retirement account into bitcoin and a stablecoin?
Yes, as long as our expenses are in fiat, we need either fiat or stablecoins at least for current expenses and to cover the downturns in the market, which means a few years' worth of stablecoins (maybe 2), if planning for retirement. But that's if bitcoin keeps going up. And for the long term, we can't assume that will keep happening. So, either changes will be made when that doesn't happen anymore, or a more balanced approach is better.
Yes, I think that will work but it may also require an almost constant monitoring of the markets and adjust when changes happen. Weighing the potential upsides over the potential downsides for the long run can decide whether if it's worth it or not. Some might not be comfortable with that volatility, especially when it comes to retirement money.
I agree. Seems risky to do that with retirement money, as long as the majority of expenses are in fiat.