Bitcoin Investment: Retirement Preparation and Long-Term Strategy

The writer believes it's possible to prepare for retirement with 50 million won, including investing in Bitcoin for a 20% annual return.

### Investing in Bitcoin for Retirement and Future Wealth
* 💰  The writer believes that with an **annual interest rate of 20%**, investing **50 million won in Bitcoin for 20 years** can yield a profit of around **20 billion won**, making it a **cost-effective way to prepare for retirement**.
* 📈  It is important to study a lot and consider various investments to pursue a higher rate of return in the short term, as there are mathematical ways to **hedge against inflation other than Bitcoin**.
* 🔒  Storing Bitcoin in a personal wallet can help prioritize it, as traditional assets are likely to face **increased taxation** due to Korea's future demographic structure.
* 📆  The writer's long-term strategy is to **hold onto Bitcoin for at least about 4 years** until the next halving to **capture its potential growth**.
* 📈  Based on the writer's prediction, the price of Bitcoin could easily reach around **500 million won by 2028**.
* 🏦  Investing in Bitcoin can also be a way to **prepare for potential confiscation by the government** and to **hedge against the devaluation of fiat currency**.
* 💡  The writer's investment philosophy is based on the principle of "**not selling is better than selling**," which has allowed them to make choices according to their own wishes.
* 🎯  It is important to have **specific long-term goals that will matter even after a thousand years**, and to plan investments accordingly.

By the end of 2024, I will definitely reach 200 million won in profit. I'm going to make it to the top ten, so I told people around me to invest now. With about 50 million won, it's actually difficult to start a small franchise coffee business. So, in reality, if you can finish preparing for retirement with 50 million won, it's cheap. It's cheap. I think it's completely possible. The writer said it's not too late to buy 0.5 bitcoins. What does that mean exactly? If you invest 50 million won, it will probably be around 20% which means it will be around 19 point something billion won. As I mentioned, by investing 50 million won in bitcoins with an annual interest of 20% for 20 years, you can make a profit of around 20 billion won. Through that, I think about preparing for retirement. Most of the investment directors.

I think the probability of failing is much higher when challenging to make a lot of money in the short term, so if you end up losing money, it becomes a really desperate situation. Therefore, I think that once you completely finish preparing for retirement through numbers, from then on, more aggressive numbers are possible. In terms of order, I recommend finishing retirement preparation with 0.5 Bitcoin first. Is it really possible to prepare for retirement with 50 million won? With about 50 million won, nowadays, it's actually difficult to start a small franchise coffee business, so if you can finish preparing for retirement with 50 million won, it's cheap, isn't it? It's cheap, and I think it's completely possible. Now, during this short period, if I want to pursue a higher rate of return during the same period, in my opinion, studying a lot is needed.

I think it's necessary. I don't think that I can earn more with just Bitcoin. Because, if you look at NVIDIA just based on January of this year, NVIDIA would have risen about three times more than Bitcoin. Also, based on this year, the customer I used to work with before has risen about three times, like LS3. Even for 3 food companies, it's almost reaching around 600,000 won, close to four times. In the short term, I think there are mathematical ways to hack inflation other than Bitcoin. However, now through Bitcoin, first of all, for a long period of time, now, in a way, I think about how certain companies can survive for 20 years or 10 years. You can't be sure, right? Gold, like, hasn't disappeared for 5,000 years. Bitcoin also has the potential to not disappear for the next 5,000 years, as an asset like that.

I prioritize investments that pursue safety with a focus on a 20% return. I believe it's essential. Is there a reason to prepare for retirement with Bitcoin? In fact, I store Bitcoin in a personal wallet, not on an exchange. By doing so, one of the things that need to be prepared or revised is prioritizing it. Based on our generation, including those in their 50s, due to the future demographic structure in Korea, more taxes are likely to be imposed on traditional assets. I don't think Bitcoin will be taxed more, but Bitcoin stored in a personal wallet is not listed in the tax declaration of the National Tax Service. Moreover, it can freely cross borders at any time, which can provide flexibility in situations where property rights are at risk. In that aspect, Bitcoin seems to have some advantages. In addition, in the case of real estate in Korea,

In the case of real estate, it is impossible to globalize liquidity, unlike Bitcoin, where liquidity can be secured at any time. So, in that aspect, I think it will be maintained. Also, in terms of pensions, in reality, it is not possible to invest in Bitcoin at the moment, so I think it is good to diversify investments into various products. Is there a reason why you started investing in Bitcoin? Before investing in our fund, I actually invested in Bitcoin. At that time, the public's reaction was not very positive, so it was postponed, and I encountered Bitcoin for the first time at an event sent by the company at the end of 2016. A counterpart from another company who was in charge of overseas business recommended it, so I invested.

The company that generated revenue was Doraser in 2018, and it seems that they initially invested in Bitcoin. Is there a way to invest in Bitcoin safely? In fact, I believe that any asset can be risky if invested riskily, and can be safe if invested safely. When it comes to investing in Bitcoin safely, since it is traded 24/7, it can be liquidated at any time, making people keep an eye on it constantly. Therefore, I think the safest way to invest in Bitcoin is to accumulate it and withdraw it to a personal wallet outside of the exchange and not keep an eye on it. Also, if you have to keep it on the exchange, it may be relatively stable to invest in a systematic manner, even if you cannot achieve high returns, you can minimize the volatility by averaging down.

Because it exists, you can invest in a large and safe manner. However, if you fully understand that this is a safe asset, you can just buy it now. So, first, study about safe assets properly. Second, understand yourself. With that, plan how to invest. If you think it might rise, you should sell to make a profit, right? First, from the perspective of being unprepared, it was actually too good to sell. No, right? So, personally, if I sell, it's actually a good investment. I believe that investing in a place where I am together is actually a good investment. However, in any case, we need to prepare for the three eras. If you can neatly finish that for 50 million won, I really think it's a cost-effective investment.

When you think about it, you should focus on those aspects. First, after finishing the report on Bitcoin investment, you can buy Bitcoin when it's cheap and sell it at the right time to pay for a car or invest in better assets than Bitcoin. To objectively assess those things, you should first have a good understanding of Bitcoin. So, if you think that there are better assets than Bitcoin, you can invest there. It's important to have specific goals that will matter when I'm alive a thousand years from now. It would be great if I could share those specific goals candidly with you through this lecture without any embellishment.

Do you plan to sell some in this chapter, writer? To be honest, I've heard a lot of sentimental stories. In 2021, when Bitcoin rose to the 8th floor at the end, I didn't sell, and even when U.S. stocks hit their peak, I didn't sell and just endured the downturn. But because there was that downturn, I was able to come out ahead this time. So, in my opinion, it may seem sentimental in a way, but because I didn't sell, I think ultimately I was able to make the choice I wanted. I think short-term investment decisions are somewhat separate, but in any case, I think all investments should be considered long-term, at least five years. So even if you really need cash, you should choose the right time to sell, maybe around 2028, this time.

There are times when the fundamentals of Bitcoin as an asset change completely. In the past, people used to think of it as a toy, then as a tool for drug dealers, and now it is being recognized as an asset by countries. However, the institutional weight of Bitcoin ETFs is not as high as expected. Initially, I thought it would be almost 100% when it first came out, but as of early June, the institutional weight of Bitcoin spot ETFs in the U.S. is around 30%, if I remember correctly. So, it is true that institutions have not fully invested yet. In addition, small companies in Japan and other countries are also increasing their holdings of Bitcoin as assets. To capture the potential growth in this phase, I believe it would be best to hold onto it for at least about 4 years until the next halving. That way, you may be able to ride out all the fluctuations. That's what I wanted to say. Now, onto the next halving.

What do you expect the price of Bitcoin to be? If I tell you the fact that the issuance of the front side is actually at least 88% annually, I am confident that the currency value will rise as much as it is falling. As I mentioned, this is a phase where demand changes rapidly, so even based on the current standards, it seems inevitable that it will rise by at least 30% to 10%. However, now in the short term, there may be some selling pressure from various places like Mount Fox or Genesis Capital. If you pay attention only to short-term fluctuations, by 2028, even assuming that the currency value is about 450 million won, if suddenly the won value collapses and the exchange rate goes up to around 4,000 to 5,000, then it will be adjusted to around 1,400 won. If it goes up to 2,000, at least it could go up to about 500 million won. I think it could easily go up to about 500 million won, and now the gold market.

The market capitalization is about 11 times that of Bitcoin. Bitcoin recorded its first dollar on an exchange in 2014. The market capitalization of gold has followed at 10%, but it took exactly 10 years. I think it will take another 90% following, and I believe that about 10 years will be enough. It is difficult to enter in the early stages. Some people express it like this. Once the understanding or recognition that this is a good asset spreads, in the highly connected online world, I think there is a greater potential for faster spread than in the past. Even looking at it from that perspective, it's 11 times in 10 years. If the value of the currency increases by 7% over 10 years, following the 702 rule, it will double. So, within about 10 years, it can go up to 20 times. Realistically, up to about 20 times is the upper limit, so it would be good to plan accordingly. Also, it is possible to prepare for the possible confiscation of Bitcoin.

It's an asset. I've expressed it that way before, but it could be a preparation for the government suddenly confiscating it, and secondly, it could be a preparation for lowering the value of currency, thus reducing the value of cash held by individuals. So, when you think about the amount you invest individually, it might be reasonable to think that it will double in value in 20 years. Then, wouldn't it be reasonable to plan for it as well? How much should I invest in my current standard of living to prepare for my old age in 20 years and what my family can do? I think you can consider it that way. Do you think this time the Bitcoin crash won't happen? Yes, the nature of Bitcoin assets has completely changed from the past to now. So, in a way, during the first and second waves, there was no investment, and during the second wave, tourism.

In middle school, there's a 3rd-grade tour, in high school, there's a 4th-grade 안관기, and in college, there are students. So, in fact, if you look at it only in terms of time, you might think that there isn't a big difference a few years ago, but if you think about how we have grown, there are really many differences. The difference between middle school, high school, and college. So, as the class of assets matures in this way, the decreasing rate will gradually slow down. I don't think it will drop to 80% unless the essence value of Bitcoin's network is damaged. I think it's too arrogant to say that there is a possibility of damage. Still, compared to other assets, you can see that they are better. So, let's make the best choice. Therefore, I am investing my best in Bitcoin. Do you wait for Bitcoin to rise and fall and then buy more, or do you have the opposite strategy? It's not the opposite; it's...

It would be nice if I could, but I couldn't. Anyway, after working for a while, I stopped working after the New Year. It wasn't because I sold it, but because I didn't sell it. In my opinion, I don't really know if I'm good at investing like others. I just found the right investment for myself. I made short-term investments based on that and lost all my money in the first three years of my career. So, in that aspect, I'm not someone who can give advice to others, I've only experienced failures in that regard. Looking back now, I feel somewhat fortunate that I didn't have much money when I failed. I failed a lot through those investments when I was a new employee, and by the third year, I didn't have any savings. I worked for three years, but my colleagues had help from their parents.

When I received the apartment investment in Seoul, in fact, the conditions were not favorable. I took a risky investment, and instead of turning it around, I ended up losing all the money. After that experience, I realized that it's better to invest in not selling than selling. I established my own investment principle, and even though people said it was a bad idea for six years, I persisted. The records of that are all on my blog and YouTube. Ultimately, because I didn't sell, I was able to make choices based on what I wanted to do. Therefore, I can only speak about my experiences to you, so I have no choice but to tell you the truth. So if you can, try it. I haven't even tried it myself. Even if Bitcoin rises much more than expected, will you not sell anything? To be honest, if it rises to that extent, I will consider selling.

I think so because I was curious at that time. I checked it through GPT and confirmed it through various channels. They say there are less than 2 million people worldwide with more than 1 bitcoin. But actually, compared to that, I have more bitcoins. It's good that bitcoin is doing well, but it's even better for me to do well, right? If, as I expected, it goes beyond 30% of the standard deviation, it's really crazy. Honestly, I think I could temporarily sell one or two bitcoins, but for those who don't even have one or two bitcoins, I think it's about 999%. Those people may buy a little less at that time, watch for a bit, and actively invest when the market sentiment is not good and it's falling. In terms of personal investment, things like family, marriage, and oil are more important than bitcoin, for example.

When there are events like this in publishing, I feel like I have no choice but to attend.

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신사임당

Investing 50 Million Won for Retirement: Is it Realistic?

The writer believes it's possible to prepare for retirement with 50 million won by investing in Bitcoin.

They recommend finishing retirement preparation with 0.

5 Bitcoin first before pursuing higher returns.

The writer also expresses the need to study a lot for pursuing a higher rate of return and suggests that certain companies and assets like gold and Bitcoin can survive for the long term.

Prioritizing Safety and Returns: Investing in Bitcoin for Retirement

Investing in Bitcoin for retirement can offer advantages in terms of taxation and global liquidity.

Storing Bitcoin in a personal wallet, outside of the exchange, can provide flexibility and security in the face of changing property rights and potential tax implications.

Additionally, Bitcoin's 24/7 trading availability allows for constant monitoring, but a safer approach is to accumulate and withdraw to a personal wallet.

Systematic investment on an exchange can also help minimize volatility.

Strategic Long-Term Investment in Bitcoin

Studying safe assets is crucial before investing in Bitcoin for a large and safe manner.

Understanding the market and having specific investment goals is important for a cost-effective investment.

Long-term commitment to Bitcoin investment, despite market fluctuations, can lead to favorable outcomes, with a focus on selling at the right time, possibly around 2028.

The Changing Perception and Future Projection of Bitcoin

Bitcoin has transitioned from being seen as a toy to a tool for drug dealers, and is now recognized as an asset by many countries.

However, the institutional weight of Bitcoin ETFs in the U.

is only around 30%, indicating that institutions have not fully invested in it yet.

The speaker believes that holding onto Bitcoin for at least 4 years until the next halving could capture its potential growth, projecting a possible increase in value to about 500 million won.

Additionally, they anticipate that Bitcoin's value could potentially increase by up to 20 times in the next 10 years, but also advise preparing for the possible confiscation of Bitcoin.

Investing in Bitcoin for the Future: A Personal Journey

The speaker is considering Bitcoin as a preparation for government confiscation and devaluation of currency, aiming to double its value in 20 years.

They have personally experienced investment failures but feel fortunate not to have had much money at that time.

The speaker is now fully committed to investing in Bitcoin, despite not considering themselves an expert in the field.

The Power of Holding onto Investments: A Personal Journey with Bitcoin

A risky apartment investment in Seoul led to a loss, shaping the decision to hold onto investments instead of selling.

Despite skepticism, persisting with this principle led to success.

The individual's experience with Bitcoin has led to a decision to hold, even if it exceeds expectations, but remaining open to the possibility of selling in certain circumstances.