Is Bitcoin a Good Investment for Retirement?.
For example, billionaire Mark Cuban recently said that the digital currency is in a bubble and that it's headed for a correction. "When everyone is bragging about how easy they are making (money) = bubble," Cuban said on Twitter.
I'm questioning valuation," said Cuban.
On the other hand, there's also a good case to be made that bitcoin could potentially go much higher.
As I wrote in a recent article, it's possible for bitcoin to rise to $1 million under the right circumstances -- specifically, if the currency gets widespread mainstream acceptance and becomes a major player in the global currency market.
Just because something has the potential for massive growth doesn't make it a good investment, especially for retirement.
Think of bitcoin as a $3,000 lottery ticket that could potentially win you a lot more money.
The right way to invest in bitcoin The short answer to "Is bitcoin a good investment for retirement?"
If you buy bitcoin with the idea that it's a speculative investment in mind, you're setting yourself up to take advantage if the price keeps going up, without putting your own retirement at risk if you're wrong.