Could You Retire on Bitcoin Alone?
Bitcoin (CRYPTO: BTC) has crushed the S&P 500 so far in 2021, even after plunging about 12% in the past week. As of Oct. 26, the cryptocurrency was up 106% year to date, compared to 23% for the S&P 500.
The returns are even more mind-boggling when you go back a decade. If you'd invested $1,000 in Bitcoin on Oct. 25, 2011 -- long before crypto went mainstream -- you'd have around $23 million today.
With so much excitement surrounding cryptocurrency, you may be wondering, could you retire on Bitcoin alone? But not so fast. While Bitcoin may deserve a place in your investment portfolio, here's why you don't want to stake your entire retirement on it.
Source Fool.com
