Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bee on July 22, 2024, 09:54:17 AM
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French pensioners will apparently have the opportunity to diversify their pension savings into a Bitcoin ETF after the partnership of VanEck (a global investment firm) and InterInvest, offered a new ETF product called VBTC worth $407 million via the ETN market[1].
VBTC is fully backed and mirrors the MarketVector Bitcoin VWAP Close index, ensuring transparency and security. With a total expense ratio of 1%, it appeals to long-term investors looking for diversified options.
⅓ lower than the expense ratio offered by Grayscale BTC (GBTC)[2].
This is another news of the micro contributions to the long term fundamental value of bitcoin.
1. http
2. https://www.nerdwallet.com/article/investing/spot-bitcoin-etf
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
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A good step for those who want to invest in cryptocurrencies and does not want to buy bitcoin, it is good for the pensioners and for those who want to start their retirement plan while ensuring growth for their assets.
If funds such as VBTC witnessed increasing demand, this may lead to the establishment of banks and central banks to experiment with investment in bitcoin or put 3% in Bitcoin part of the diversification of investments.
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1% expanse ratio is a bit high. But otherwise it's good news since people would have more choice. Although it's a shame the news doesn't state highest percentage that could be allocated towards Bitcoin.
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1% expanse ratio is a bit high. But otherwise it's good news since people would have more choice. Although it's a shame the news doesn't state highest percentage that could be allocated towards Bitcoin.
I agree that it is quite high.
1% looks small, but after 10 years that means about 10.5% of all your bitcoins nearly 22% after 20 years.
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This is exactly what bitcoin "asset" is for. I mean sure its also a currency and if you want to use it for currency then go ahead and do it and that's great. But if we are talking about something like investment, then we are talking about something that can actually make money on the long term. And what is a long term if not pensions? Thats literally what you do to retire, which means that we are going to end up with something that will get ahead as much as possible. I believe that we are going to deal with something that will get great as a pension, you start as young as you can, put in as much as you can, and then retire rich thanks to this.
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I have never liked the idea of pension funds in fiat, the money would have lost so much of its value when it is available for spending after so many years. However, buying BTC is risky and i would not recommend that one should use their pension to buy BTC, especially when they don't fully know what they are doing.
In this case, it is an etf, i know not your keys; not your coins, but for people who would want to 'subscribe' to this, they may be happy if the responsibility of holding their coins is with a global financial firm.
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I have never liked the idea of pension funds in fiat, the money would have lost so much of its value when it is available for spending after so many years. However, buying BTC is risky and i would not recommend that one should use their pension to buy BTC, especially when they don't fully know what they are doing. In this case, it is an etf, i know not your keys; not your coins, but for people who would want to 'subscribe' to this, they may be happy if the responsibility of holding their coins is with a global financial firm.
I am sure that this just an option for pensioners to look into and nobody is forced to really follow along. Now, in my view, this is a good investment opportunity for pensioners since we know that eventually BTC will really climb in value and their involvement with ETF will really be so fruitful. Now, with that said, there will always be risks, of course, as there is never any guarantee of what can be. I am also hoping that eventually some of these pensioners will get into Bitcoin aside from the ETFs so they can really own the thing and not just doing things in the crypto industry via a big financial institution like VanEck.
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I am sure that this just an option for pensioners to look into and nobody is forced to really follow along. Now, in my view, this is a good investment opportunity for pensioners since we know that eventually BTC will really climb in value and their involvement with ETF will really be so fruitful. Now, with that said, there will always be risks, of course, as there is never any guarantee of what can be. I am also hoping that eventually some of these pensioners will get into Bitcoin aside from the ETFs so they can really own the thing and not just doing things in the crypto industry via a big financial institution like VanEck.
Yeah, it will be optional but the real question is how many prisoners are aware of Bitcoin. It is a good investment opportunity only if a prisoner is aware of the ROI generated by Bitcoin since its inception. I do not think a lot of them will go ahead and subscribe to the ETF as most would not understand it. Such pension ETFs would be helpful to those who are not in prison as they will be connected more to Bitcoin than prisoners.
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This is one reason why we should stop calling crypto investment for youngsters because now the French Government is showing the world that senior citizens is also welcome to enter and engage in crypto while they are still can.
Lets hope that this will not only happening in there but instead worldwide that those government is not anti Bitcoin(and cryptos)
I have some years left before being pensioner and I wanted mine to be collected like this for my remaining years in this world.
congrats to all french seniors out there.
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1% expanse ratio is a bit high. But otherwise it's good news since people would have more choice. Although it's a shame the news doesn't state highest percentage that could be allocated towards Bitcoin.
I agree that it is quite high.
1% looks small, but after 10 years that means about 10.5% of all your bitcoins nearly 22% after 20 years.
But where's the fun in that? Then Bitcoin becomes like a regular mom&pop stock.
The 1% allocation to Bitcoin is a serious limitation IMO.
Then again, many pension funds are badly mismanaged so many people actually end up losing them.
In my opinion, I feel like people are supposed to be enjoying life after they retire. So ideally they should already have some money saved up in order to live freely by then, without relying on pensions.
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In my opinion, I feel like people are supposed to be enjoying life after they retire. So ideally they should already have some money saved up in order to live freely by then, without relying on pensions.
Isn't that what a pension fund is for?
I save up some money and deposit it in the pension fund over the funds. So you have a lot of money saved when you retire..
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1% expanse ratio is a bit high. But otherwise it's good news since people would have more choice. Although it's a shame the news doesn't state highest percentage that could be allocated towards Bitcoin.
I agree that it is quite high.
1% looks small, but after 10 years that means about 10.5% of all your bitcoins nearly 22% after 20 years.
The total expense ratio is 1%, not 1% annually. I think it is the total expenses that can be taken when withdrawing money, not annually.
The ETN carries a total expense ratio of 1%.
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1% expanse ratio is a bit high. But otherwise it's good news since people would have more choice. Although it's a shame the news doesn't state highest percentage that could be allocated towards Bitcoin.
I agree that it is quite high.
1% looks small, but after 10 years that means about 10.5% of all your bitcoins nearly 22% after 20 years.
The total expense ratio is 1%, not 1% annually. I think it is the total expenses that can be taken when withdrawing money, not annually.
The ETN carries a total expense ratio of 1%.
This is not how expense ratios work. They are charged annually, in every ETF/ ETN/ mutual fund or whatever fund...
What Is an Expense Ratio?
The expense ratio is how much you pay a mutual fund or ETF per year, expressed as a percent of your investments. So, if you have $5,000 invested in an ETF with an expense ratio of .04%, you'll pay the fund $2 annually.
https://www.investopedia.com/terms/e/expenseratio.asp
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This is not how expense ratios work. They are charged annually, in every ETF/ ETN/ mutual fund or whatever fund...
1% Annually is too much, it is free profits especially if it is considered in Bitcoin and not USD.
If so, why are there investments in Grayscale even though their fees are 1.5%?
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I think it's always going to go there. A lot more of industries are going into the crypto space and making their own valuable contribution to the space. It's really amazing to see the possibility of one thing from a thing that we have been waiting for. Like the BTC ETF and now it's here, it's still amazing to hear new news about it.
I do hope that a lot of people be part of it.
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Nice move for that global investment firm as pensioners now have the chance to invest in Bitcoin ETF. The only question is that are there really high numbers of pensioners who are willing to invest in Bitcoin ETF in France or is it allowed to foreigners as well? Though numbers are not important here for now but as long as there is this offer from that firm time will come investors will surge.
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Although it's a shame the news doesn't state highest percentage that could be allocated towards Bitcoin.
I don't know how to read it, just found it on the VanEck site (cmiiw: it's 3% for bitcoin, 58.8% equities, and 38.5% for bonds). Take a look here: https://www.vaneck.com/fr/en/bitcoin-etn/#Why-VanEck-ETN
I don't think there is a specific allocation for pensioners or regular investors. I also saw that this percentage is also offered by VanEck in several other European countries.
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Great share bud @op, you got +1 for sharing this information here.
I came across this news yesterday and I was like wow, I thought of sharing it on this forum at that time but I was really busy, so I decided I will share it when I come online here today, I am here now and saw that you beat me to it 😁.
Anyways, I remember when I talked about the possibilities of pensioners have the option to decide to invest some of their pension funds in bitcoin, this was in the year 2020 or 2021 I started a discussion on this on BTT, I am very glad to see that french seem to be the first to implement that option, a great move by the government of that country, and I am happy for the pensioners there, wish other countries, specially Nigeria with a failing fiat system, can emulate what the French government has just done for their pensioners.
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1% Annually is too much, it is free profits especially if it is considered in Bitcoin and not USD.
If so, why are there investments in Grayscale even though their fees are 1.5%?
This is how wall street makes money man. Expense Ratios. This is why they are rich.
Imagine, even 0.2% is a LOT of money. There are some funds which charge 2%, 2.5%
Most people doesn't understand how much a 2% expense rate will literally drain your wealth. If you don't research, nobody will tell you how expense ratio works.
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I am sure that this just an option for pensioners to look into and nobody is forced to really follow along. Now, in my view, this is a good investment opportunity for pensioners since we know that eventually BTC will really climb in value and their involvement with ETF will really be so fruitful.
I know this will be optional, and like i already said, i prefer pension funds be put into investments, rather than kept in fiat that is affected so much by inflation. But pension funds is money for the future, so only few people would consider putting it into a risky investment, it is better and more comfortable for the worker if the funds is in a low risk investment.
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I know this will be optional, and like i already said, i prefer pension funds be put into investments, rather than kept in fiat that is affected so much my inflation. But pension funds is savings for the future, so only few people would consider putting it into a risky investment, it is better and more comfortable for the worker if the funds is in a low risk investment.
We all have our own decisions on what to do with the pension funds either to invest in the new ETF for french pensioners or in fiat money. For me, I'll add the pension with own savings and then take a portion of it for investments and such while the remaining would be for yourself like daily necessities and such. I'd say that some people did save some money and when they retire they should have money to spend plus there's the pension.
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The retirees should choose a better plan for themselves. Diversifying as old as them is going to be risky. Although if they have the capacity to do it, if they can take that risk and small part of their pension fund, it's all up to them. But me, I guess when I get older, I hope that I am established already with my assets or I've got enough money to cover until I'm dead thanks to bitcoin itself.
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The retirees should choose a better plan for themselves. Diversifying as old as them is going to be risky. Although if they have the capacity to do it, if they can take that risk and small part of their pension fund, it's all up to them. But me, I guess when I get older, I hope that I am established already with my assets or I've got enough money to cover until I'm dead thanks to bitcoin itself.
Well said buddy. Bitcoin is very secure and trustworthy coin but it has also the riskes because it is also a volatile coin . So investment in the retirement fund all in it will be not a wise decision because emergency situation can come any time and that time if you don't have the fund for facing the emergency situation then you may have to sell your bitcoin on low price by losses. So before investing on bitcoin with the pension they should have accumulated some stable fund for the emergency situation.
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The retirees should choose a better plan for themselves. Diversifying as old as them is going to be risky. Although if they have the capacity to do it, if they can take that risk and small part of their pension fund, it's all up to them. But me, I guess when I get older, I hope that I am established already with my assets or I've got enough money to cover until I'm dead thanks to bitcoin itself.
When we talk about financial plans that can be used when we retire, it is better for us to try to make investments that can be carried out for the long term without using more energy to manage them. As options that can be considered are:
1. Stock Investment
With this investment method, we will get dividends depending on the capital we use.
2. Buying or Building Property
When we have a lot of property, we can rent out the buildings we own for the long term and we will earn money easily.
3. Invest in digital currency
So far, investing in digital currency such as Cryptocurrency is indeed very profitable, but when the knowledge we have is very lacking, it carries a very high risk because we will definitely have difficulty making decisions in the market.
We can use some of the methods above as material for consideration so that we can still earn money easily without doing burdensome work or it could be said that we just need to enjoy old age with our family.
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Bitcoin is very secure and trustworthy coin but it has also the riskes because it is also a volatile coin . So investment in the retirement fund all in it will be not a wise decision because emergency situation can come any time and that time if you don't have the fund for facing the emergency situation then you may have to sell your bitcoin on low price by losses.
ETF managers offering diversified portfolios like VanEck typically impose allocation limits for high-volatility assets like crypto as small as possible. I googled and the average bitcoin ETF exposure offering percentage I found was 5% of the customer's total investment.
https://www.coindesk.com/business/2024/02/15/crypto-for-advisors-impact-of-the-spot-bitcoin-etfs-for-portfolios/#:~:text=portfolio%20to%20bitcoin.-,Graph%201%2D%20Efficient,-Frontier%20Balanced%20Portfolio
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The retirees should choose a better plan for themselves. Diversifying as old as them is going to be risky. Although if they have the capacity to do it, if they can take that risk and small part of their pension fund, it's all up to them. But me, I guess when I get older, I hope that I am established already with my assets or I've got enough money to cover until I'm dead thanks to bitcoin itself.
Well said buddy. Bitcoin is very secure and trustworthy coin but it has also the riskes because it is also a volatile coin . So investment in the retirement fund all in it will be not a wise decision because emergency situation can come any time and that time if you don't have the fund for facing the emergency situation then you may have to sell your bitcoin on low price by losses. So before investing on bitcoin with the pension they should have accumulated some stable fund for the emergency situation.
Yes, that's it. No one stops them from doing it but if that's the only source of funds they have, I won't advise them to do it.
The retirees should choose a better plan for themselves. Diversifying as old as them is going to be risky. Although if they have the capacity to do it, if they can take that risk and small part of their pension fund, it's all up to them. But me, I guess when I get older, I hope that I am established already with my assets or I've got enough money to cover until I'm dead thanks to bitcoin itself.
When we talk about financial plans that can be used when we retire, it is better for us to try to make investments that can be carried out for the long term without using more energy to manage them. As options that can be considered are:
1. Stock Investment
With this investment method, we will get dividends depending on the capital we use.
2. Buying or Building Property
When we have a lot of property, we can rent out the buildings we own for the long term and we will earn money easily.
3. Invest in digital currency
So far, investing in digital currency such as Cryptocurrency is indeed very profitable, but when the knowledge we have is very lacking, it carries a very high risk because we will definitely have difficulty making decisions in the market.
We can use some of the methods above as material for consideration so that we can still earn money easily without doing burdensome work or it could be said that we just need to enjoy old age with our family.
They're all great investments but the point here is, when we're old, we can no longer take that much risk and use a huge part of our retirement fund. Well, not all have that big retirement fund but before retirement, someone should have taken all the risk that he can so he can just enjoy all of the fruit of his hardwork.
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We all have our own decisions on what to do with the pension funds either to invest in the new ETF for french pensioners or in fiat money. For me, I'll add the pension with own savings and then take a portion of it for investments and such while the remaining would be for yourself like daily necessities and such.
Yeah, we all have to make our own decisions, and i respect those of others. Take note that you cannot take a 'portion' of your pension fund, until you are eligible for it and that is after retiring.
The truth is that people are usually very careful with their pension funds and they will try to reduce the risk in it to as small as possible, because they will receive that money after retiring and any mishap would mean they would live their old age broke and dependent.
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Anyways, I remember when I talked about the possibilities of pensioners have the option to decide to invest some of their pension funds in bitcoin, this was in the year 2020 or 2021 I started a discussion on this on BTT, I am very glad to see that french seem to be the first to implement that option, a great move by the government of that country, and I am happy for the pensioners there, wish other countries, specially Nigeria with a failing fiat system, can emulate what the French government has just done for their pensioners.
That’s a great step from the French government and it’ll really help in bitcoin adoption in that region more. I remember that your post on BTT about paying pension money in bitcoin and how it’ll help in mass adoption by governments and create awareness to those pensioners about bitcoin and the great value they can get by collecting payment in that method in the long time.
The Nigerian government could be far from accepting that offer and agreeing to pay pensioners in bitcoin. The government is far from coming close to this because of how they treat cryptocurrency users in the country and disassociating banks from transacting anything related to crypto. We may expect them in the future but for now their stance don’t show they will anytime soon.
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- That is another good news for our crypto enthusiasts. Besides, the French government, as far as I know, is open to Bitcoin at this time, and that's how they support Bitcoin and their crypto communities as well.
With the steps they have taken, it is possible to reach other countries that can also encourage them to start adopting Bitcoin and the top altcoins in the market.
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French pensioners will apparently have the opportunity to diversify their pension savings into a Bitcoin ETF after the partnership of VanEck (a global investment firm) and InterInvest, offered a new ETF product called VBTC worth $407 million via the ETN market[1].
VBTC is fully backed and mirrors the MarketVector Bitcoin VWAP Close index, ensuring transparency and security. With a total expense ratio of 1%, it appeals to long-term investors looking for diversified options.
⅓ lower than the expense ratio offered by Grayscale BTC (GBTC)[2].
This is another news of the micro contributions to the long term fundamental value of bitcoin.
This is the next stage: everyone can invest in BTC without having to understand BTC and they don't even know they are investing in BTC and crypto - a new asset class that they have only heard about in the media. Money flow from pension funds around the world can become a stable capital flow into the BTC market through Spot BTC ETF, providing a driving force for the long-term appreciation of BTC.
I continue to wait for more information on diversifying my portfolio into BTC Spot ETF from pension funds in the EU and US. This could be the next trigger for a strong surge in BTC price thanks to the impact of the biggest story of this cycle - BTC Spot ETF!
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- That is another good news for our crypto enthusiasts.
Yeah, good for 'bitcoiner workers' who like the idea and would not mind putting some of their pension in a BTC etf.
With the steps they have taken, it is possible to reach other countries that can also encourage them to start adopting Bitcoin and the top altcoins in the market.
I don't know if we can call this 'adoption' in the way you say it, even if it is, it is not something that can influence other countries to also make this opportunity available to their workers..
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Why wouldn't it influence other nations? If these pensioners make a lot of money by holding this BTC ETF, then other nations (and other pensions in France) could see the results and could desire the same thing? I am not saying they will, but looking at the situation, saying that they won't would be naive as well. I think its quite obvious that we could get this all over the world if the result seems profitable. Same happened with El Salvador, first they did it, then a few other nations did, and now there are a dozen nations with bitcoin investments, I think we could have the same thing here as well.
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Yes, that's it. No one stops them from doing it but if that's the only source of funds they have, I won't advise them to do it.
Every country usually enforces mandatory pension fund regulations (managed by the government) where retirees are not allowed to make special plans while in active worker status, so pension funds will actually be given after retirement. The bitcoin ETF investment offering for retirement is a government-approved private firm, it's a kind of old-age insurance.
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Same happened with El Salvador, first they did it, then a few other nations did, and now there are a dozen nations with bitcoin investments, I think we could have the same thing here as well.
How many countries are buying and storing BTC's, i am not talking about BTC's they seized or confiscated, i mean BTC's they bought with taxpayers money. Secondly, how many countries have made BTC a legal tender since El Salvador, the answer is zero. Central African Republic tried to, but they had to go back on their plans.
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Yes, that's it. No one stops them from doing it but if that's the only source of funds they have, I won't advise them to do it.
They're all great investments but the point here is, when we're old, we can no longer take that much risk and use a huge part of our retirement fund. Well, not all have that big retirement fund but before retirement, someone should have taken all the risk that he can so he can just enjoy all of the fruit of his hardwork.
Yea that's what I want to said. It is their own matter or their decision what they want to do because they are independent now to choose this option for investment.
But what I think that pension is for the resting the older ages which shouldn't put on risk because in the young age people can make recover himself by hardworking but when the case of older age then that time people don't have the power to recover their self. So I will advice them invest as much as they can afford to lose.
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Bitcoin and other cryptocurrencies can be a mixed bag for pensioners,including France. However, in almost all currencies, there is risk on the one hand and profit on the other.However, the most expensive currency inside this cryptocurrency is Bitcoin, but in the case of Bitcoin investment, you need to know about it well and gain knowledge so that they can earn money later. However, in this case, just as Bitcoin has a high risk, it also has a profit in this case.
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French pensioners will apparently have the opportunity to diversify their pension savings into a Bitcoin ETF after the partnership of VanEck (a global investment firm) and InterInvest, offered a new ETF product called VBTC worth $407 million via the ETN market[1].
VBTC is fully backed and mirrors the MarketVector Bitcoin VWAP Close index, ensuring transparency and security. With a total expense ratio of 1%, it appeals to long-term investors looking for diversified options.
⅓ lower than the expense ratio offered by Grayscale BTC (GBTC)[2].
This is another news of the micro contributions to the long term fundamental value of bitcoin.
It's good news for the French people. This move by the French company emphasized the importance of the long-term value of bitcoin. Old people receiving pensions will prefer to invest some of their pensions into BTC directly but for them, it will be a good choice while the smart ones know. If we don't own the keys then we don't own the money. Therefore, they need to be guided for the choices and options they have so they can make a better choice for them.
They will choose the ETF option due to easiness but who knows in the future they will realize the decision they made and the next decision can be buying BTC from an exchange and holding it in a noncustodial wallet. Owning the keys keeping funds in it and protecting it is the real adoption of BTC in line of decentralization.
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
You are right but only if these pensioners will consider converting their pensions into BTC. I doubt if most of them will get benefit from this feature, this feature is not going to make a profit to current old people but to us. We are the next in line as we are young and most of the young people are involved in crypto and once we will get the opportunity to invest some of our funds in BTC directly by the government then we will really get benefit from it.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
That's right too, this investment opportunity might convince some traditional-minded people who still think BTC is fake and can't make us money, they might want to test how it feels and to experience the investment in BTC. In this way they don't have to learn about it as well just have to say yes or fill some form and they will be receiving a pension in BTC.
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
This plan is very good recommended, but let's look at the situation of the pensioners, first do they understand bitcoin because as we know not everyone who was born 60 years ago / 2024 do they understand bitcoin, the government cannot force or make policies like this for pension funds in my opinion, unless they understand bitcoin
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
I think if it is true that the French government is doing this, it means that the French government has analyzed the development of Bitcoin for the long term, we can conclude from what the French government is doing now that the future of Bitcoin is very good.
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Anyways, I remember when I talked about the possibilities of pensioners have the option to decide to invest some of their pension funds in bitcoin, this was in the year 2020 or 2021 I started a discussion on this on BTT, I am very glad to see that french seem to be the first to implement that option, a great move by the government of that country, and I am happy for the pensioners there, wish other countries, specially Nigeria with a failing fiat system, can emulate what the French government has just done for their pensioners.
That’s a great step from the French government and it’ll really help in bitcoin adoption in that region more. I remember that your post on BTT about paying pension money in bitcoin and how it’ll help in mass adoption by governments and create awareness to those pensioners about bitcoin and the great value they can get by collecting payment in that method in the long time.
The Nigerian government could be far from accepting that offer and agreeing to pay pensioners in bitcoin. The government is far from coming close to this because of how they treat cryptocurrency users in the country and disassociating banks from transacting anything related to crypto. We may expect them in the future but for now their stance don’t show they will anytime soon.
Having bitcoin as your pension savings will be more profiting to working body in the economy, I think that is far better than receiving pension payment in bitcoin at the end of the day, let me explain further for you guys, you know pensions are deduction from a worker salary during their service years and there after getting paid when they already retired, so instead of the traditional fiat deduction, and savings in Fiat until retirement, I think it will be more profiting if the deductions are invested in bitcoin and the workers given update on the amount of bitcoin purchase each month so that they will know they total balance.
I think when they retire they bitcoin saving will have yielded massive returns instead of fiat that lose value due to inflations.
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
I think if it is true that the French government is doing this, it means that the French government has analyzed the development of Bitcoin for the long term, we can conclude from what the French government is doing now that the future of Bitcoin is very good.
France's attitude towards Bitcoin and crypto in general has shown quite positive developments in recent years. The country is actively trying to become a leader in regulation and innovation in the field of digital assets.
France also recognizes the importance of good regulation to prevent the misuse of this technology. Therefore, they formed a special working group to propose clearer guidelines and regulatory frameworks, so that in this way it will make Cryptocurrency easier to use, especially Bitcoin.
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Why wouldn't it influence other nations? If these pensioners make a lot of money by holding this BTC ETF, then other nations (and other pensions in France) could see the results and could desire the same thing? I am not saying they will, but looking at the situation, saying that they won't would be naive as well. I think its quite obvious that we could get this all over the world if the result seems profitable. Same happened with El Salvador, first they did it, then a few other nations did, and now there are a dozen nations with bitcoin investments, I think we could have the same thing here as well.
Pensioners who have they pension savings in bitcoin are at greater financial advantage more than they counterparts in other countries that still have they pension deductions in the old format using fiat, this is because if this bitcoin pension reform happens in France, I am sure that in the next 20 years from now, the France pension board with be one of the biggest pension reserve in the world because of the total amount they won't have accumulated in bitcoin and how much profits they make over time.
Between alot of policy need to be put in place to set everything up as the way it matches the expectations and needs of each pensioners and those still in service.
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
I think if it is true that the French government is doing this, it means that the French government has analyzed the development of Bitcoin for the long term, we can conclude from what the French government is doing now that the future of Bitcoin is very good.
France's attitude towards Bitcoin and crypto in general has shown quite positive developments in recent years. The country is actively trying to become a leader in regulation and innovation in the field of digital assets.
France also recognizes the importance of good regulation to prevent the misuse of this technology. Therefore, they formed a special working group to propose clearer guidelines and regulatory frameworks, so that in this way it will make Cryptocurrency easier to use, especially Bitcoin.
I have a little suspicion of the French government that has sold Bitcoin I think the French government already knows that Bitcoin will drop to $50k so they are selling all Bitcoin and now there is more bad news about Bitcoin the Chinese government will sell all the assets resulting from the confiscation of the Ponzi scheme plustoken there are 194BTC and coupled with other tokens that are worth a lot, maybe later Bitcoin will experience a decline again.
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
I think if it is true that the French government is doing this, it means that the French government has analyzed the development of Bitcoin for the long term, we can conclude from what the French government is doing now that the future of Bitcoin is very good.
France's attitude towards Bitcoin and crypto in general has shown quite positive developments in recent years. The country is actively trying to become a leader in regulation and innovation in the field of digital assets.
France also recognizes the importance of good regulation to prevent the misuse of this technology. Therefore, they formed a special working group to propose clearer guidelines and regulatory frameworks, so that in this way it will make Cryptocurrency easier to use, especially Bitcoin.
I have a little suspicion of the French government that has sold Bitcoin I think the French government already knows that Bitcoin will drop to $50k so they are selling all Bitcoin and now there is more bad news about Bitcoin the Chinese government will sell all the assets resulting from the confiscation of the Ponzi scheme plustoken there are 194BTC and coupled with other tokens that are worth a lot, maybe later Bitcoin will experience a decline again.
The bullish season is still long, so we don't need to worry about the price of bitcoin and other crypto falling. Even though France is selling its bitcoin and China will also do it, bitcoin investors will not let bitcoin fall too far. Bitcoin prices will rise again at the end of this year ahead of the bullish season early next year.
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The French government has really taken a step to wager their pensioners payments on Bitcoin.
Definitely it is going to serve as hedge to sustain their savings valuably considering the nature of their economy level.
The government might not really consider this as benefit of the citizens basically on the decentralization of Bitcoin for the people to enjoy but on the fact that they needed the pensioners to enjoy the dividends of holding Bitcoin for assets of making more money as investment as saving in the fiats might be discouraging to sustain them at retirements.
I think if it is true that the French government is doing this, it means that the French government has analyzed the development of Bitcoin for the long term, we can conclude from what the French government is doing now that the future of Bitcoin is very good.
France's attitude towards Bitcoin and crypto in general has shown quite positive developments in recent years. The country is actively trying to become a leader in regulation and innovation in the field of digital assets.
France also recognizes the importance of good regulation to prevent the misuse of this technology. Therefore, they formed a special working group to propose clearer guidelines and regulatory frameworks, so that in this way it will make Cryptocurrency easier to use, especially Bitcoin.
I have a little suspicion of the French government that has sold Bitcoin I think the French government already knows that Bitcoin will drop to $50k so they are selling all Bitcoin and now there is more bad news about Bitcoin the Chinese government will sell all the assets resulting from the confiscation of the Ponzi scheme plustoken there are 194BTC and coupled with other tokens that are worth a lot, maybe later Bitcoin will experience a decline again.
The bullish season is still long, so we don't need to worry about the price of bitcoin and other crypto falling. Even though France is selling its bitcoin and China will also do it, bitcoin investors will not let bitcoin fall too far. Bitcoin prices will rise again at the end of this year ahead of the bullish season early next year.
Understanding the volatility of Bitcoin is to acknowledge its volatile potential which values varies by fluctuations.
I do not see any reasonable fact to be panic about the existence of Bitcoin just because France or whatever countries are selling off their Bitcoins.
Believably, Bitcoin is a decentralized technology so there is no way such move of France would determine the future existence of Bitcoin.
As for me, I am holding strongly and still accumulating against the nearest future.
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Understanding the volatility of Bitcoin is to acknowledge its volatile potential which values varies by fluctuations.
I do not see any reasonable fact to be panic about the existence of Bitcoin just because France or whatever countries are selling off their Bitcoins.
Believably, Bitcoin is a decentralized technology so there is no way such move of France would determine the future existence of Bitcoin.
As for me, I am holding strongly and still accumulating against the nearest future.
For those who hold the long term, they will not panic or worry about large sales, for example Germany, France or any other country. They will remain focused on holding and waiting until their selling target is achieved.
Bitcoin offers freedom for those who hold it because bitcoin is very popular and we can freely transact. If you have free money for the long term, it's best to be a long-term holder.
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For those who hold the long term, they will not panic or worry about large sales, for example Germany, France or any other country. They will remain focused on holding and waiting until their selling target is achieved.
Bitcoin offers freedom for those who hold it because bitcoin is very popular and we can freely transact. If you have free money for the long term, it's best to be a long-term holder.
Long term always makes people feel calm holding bitcoin even though there is a lot of news circulating about big bitcoin sales they remain calm and observe. We heard about Mt Gox and caused a big drop in bitcoin price but it is only temporary so we don't need to panic, bitcoin will come back with higher price soon.
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I have a little suspicion of the French government that has sold Bitcoin I think the French government already knows that Bitcoin will drop to $50k so they are selling all Bitcoin and now there is more bad news about Bitcoin the Chinese government will sell all the assets resulting from the confiscation of the Ponzi scheme plustoken there are 194BTC and coupled with other tokens that are worth a lot, maybe later Bitcoin will experience a decline again.
The bullish season is still long, so we don't need to worry about the price of bitcoin and other crypto falling. Even though France is selling its bitcoin and China will also do it, bitcoin investors will not let bitcoin fall too far. Bitcoin prices will rise again at the end of this year ahead of the bullish season early next year.
Having positive thoughts for the future of Bitcoin is good because it does require something big to bring down Bitcoin and I also believe that if technological developments continue to develop and the development of Blockchain also continues to grow, decentralization will slowly continue to be accepted by everyone.
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Having positive thoughts for the future of Bitcoin is good because it does require something big to bring down Bitcoin and I also believe that if technological developments continue to develop and the development of Blockchain also continues to grow, decentralization will slowly continue to be accepted by everyone.
I also just think positive about Bitcoin because at this time Bitcoin has become more popular and more expensive so it is not easy to be able to knock Bitcoin, this has been done in the past many governments forbid Bitcoin but Bitcoin to survive and more popular and more expensive. So as a bitcoin holder we don't need to worry, five to ten years to the next may Bitcoin still survive and more expensive.
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Having positive thoughts for the future of Bitcoin is good because it does require something big to bring down Bitcoin and I also believe that if technological developments continue to develop and the development of Blockchain also continues to grow, decentralization will slowly continue to be accepted by everyone.
I also just think positive about Bitcoin because at this time Bitcoin has become more popular and more expensive so it is not easy to be able to knock Bitcoin, this has been done in the past many governments forbid Bitcoin but Bitcoin to survive and more popular and more expensive. So as a bitcoin holder we don't need to worry, five to ten years to the next may Bitcoin still survive and more expensive.
Bitcoin will last for the next few years, dude. So we don't need to worry about bitcoin disappearing, because right now we see bitcoin getting more popular and more expensive. My estimate is that bitcoin will last for the next ten years, so it's better to hold it long term if you have free funds.
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I still think that this is the best way and I am doing it for myself and hopefully for my future children as well. I believe that if you could have even just one bitcoin, in 20-30 years you will be able to retire easily, that's all you need to reach. And yes I know that you are not going to get one bitcoin easily, that's a lot of money right now, but imagine how many people in the world save up enough for one bitcoin and do not invest into one bitcoin, that's my point. A lot of elderly people have enough for one bitcoin and do not buy it, a lot of even young people save that much from somewhere but invest into golds or stock or even gamble.