When we talk about bitcoin and retirement, it doesn't mean we have to put all our retirement assets into bitcoin, bitcoin is just one of many assets that we invest in (Don't put all your eggs in 1 basket.)
I know everyone has a different retirement plan because we need to consider many factors involved but I wanted to ask you. Bitcoin is considered the best profitable asset these days and even if bitcoin cannot give you the best retirement days, what alternative will you choose to replace it?
It goes without saying that it's not advisable to put all eggs in one basket and expect Bitcoin to be your one and only retirement plan. Is it a good investment? So far, yes, it has proven itself that it's a profitable investment. Do we know what's going to happen in 5, 10, or 20 years from now? Certainly not, but that also applies to other investments, such as the S&P 500 or gold. Perhaps these two investments are the answer to your question as well. From my point of view, gold will keep increasing in value, while the S&P 500 index has been steadily growing for more than 20 years.
I think bitcoin has become a lot safer because many countries have legalized it and bitcoin ETFs have been approved. So I don't think it's appropriate to call it a risky asset these days if you intend to invest in it for the long term. Bitcoin has become much safer legally, and in terms of its volatility there will only be short term risks but in the long term I think it is risk free.
That's true, but that doesn't necessarily make it safer. Don't get me wrong, I'm not against Bitcoin by any means, the exact opposite; I believe it has immense capabilities that we haven't seen yet. I'm just pointing out that we cannot deny its nature, that it's a volatile and, due to that, highly profitable investment, with certain risks involved.