Bitcoin for French Pensioners

[bee]

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. https://coinpedia.org/news/bitcoin-now-in-french-pension-plans/
2. https://www.nerdwallet.com/article/investing/spot-bitcoin-etf

[EluguHcman]

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.

[Husires]

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.

[ABCbits]

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.

[bitmover]

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.

[Captain Corporate]

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.

[Z-tight]

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.

[TomPluz]

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.

[pakhitheboss]

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.

[bitterguy28]

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.

[NotATether]

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.

[bitmover]

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..

[Husires]

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%.

[bitmover]

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

[Husires]

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%?