One of the world's largest asset managers says Bitcoin is not suitable for retirement portfolios

Many of those born in the last century were brought up in a culture of bank deposits, government bonds, and long-term investments in blue chips. The younger generation sees it differently. For them, Bitcoin is not a risk, but an insurance policy against the depreciation of fiat money. It is an alternative to a system that has repeatedly demonstrated its fragility.

However, Vanguard says that cryptocurrency is not a suitable tool for retirement savings.

A traditional retirement portfolio is built on low-risk assets: bonds, dividend stocks, real estate. The goal of such a portfolio is to protect capital from inflation, minimize losses, and ensure a stable income in retirement. In this sense, Bitcoin looks like a marginal asset — its rate can collapse by 50% in a week and grow by the same amount for no apparent reason. For a 70-year-old pensioner this is not an investment, but a lottery.

But Vanguard is actually making a moral judgment: Bitcoin and other cryptocurrencies are the territory of speculators, not conservative investors.

However, Bitcoin is not just a digital currency, but a symbol of mistrust in traditional financial institutions.

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