Bitcoin for French Pensioners

[Crwth]

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.

[0t3p0t]

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.

[bee]

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.

[Fivestar4everMVP]

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.

[bitmover]

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.

[Z-tight]

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.

[nakamura12]

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.

[bhadz]

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.

[|MINER|]

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.

[pieppiep]

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.

[bee]

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

[bhadz]

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.

[Z-tight]

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.

[Asiska02]

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.

[Mr. Magkaisa]

     -     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.