Bitcoin for French Pensioners

[MrSpasybo]

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!

[Z-tight]

     -     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..

[Captain Corporate]

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.

[bee]

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.

[Z-tight]

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.

[|MINER|]

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.

[Pastaral]

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.

[ZAINmalik75]

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.

[Faisal2202]

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.

[MUGNIA]

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

[Metha Wulandarin]

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.

[Wiwo]

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.

[pieppiep]

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.

[Wiwo]

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.

[Metha Wulandarin]

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.