Bitcoin
Dogecoin Founder Suggests Millennial Retirement Savings Total 1 Bitcoin, Here’s the Capture by U.Today
U.Today creator Billy Markus, known as Shibetoshi Nakamoto on social media, took to his X account to share his thoughts on where things stand with millennials’ retirement savings right now.
As he often does, Markus added a dash of irony to his opinion, but that’s apparently how he continues to capture the interest of his 2.1 million X followers.
The numbers revealed by Markus suggest that, so far, millennials’ retirement savings are nowhere near their target and amount to approximately one.
Markus highlights the main problem with millennial retirement savings
Shibetoshi Nakamoto lingered on the statistic that millennials need about $1.65 million for a comfortable retirement — without citing a reference, however. He then wryly stated that they probably haven’t saved much so far, and mentioned the figure of $62,600 — perhaps a random or metaphorical choice just to show that the current inflation in the US doesn’t provide the most encouraging environment for making regular, large savings for retirement.
However, Markus added that millennials have a plan to retire when they turn 59, posting a “grimace” emoji. Given the statistic that millennials (the generation born between 1981 and 1996) reached the ages of 28 to 43, those born in 1981 or later may have a hard time setting aside $1.65 million by the time they turn 59. That seems to be the message from Billy Markus, who sparked a heated discussion in the comments, where X users posted mixed reactions — from agreeing with Markus’s take with humor to sharing arguments about whether millennials will have to retire about 10 years after they turn 59 or with less money saved.
Many have also raised concerns about the current inflation in the US and the rising public debt, which can hardly have a good financial impact on the bank balance of the common people.
Did the founder of DOGE just suggest Bitcoin?
In his tweet, Markus mentioned the value of $62,600, which is how much the world’s flagship cryptocurrency, Bitcoin, was worth on Tuesday. Shibetoshi Nakamoto frequently talks about BTC in his tweets, commenting on Bitcoin’s price turbulence and Bitcoin investments.
Earlier this year, he even admitted that he would rather own a whole Bitcoin than a Dogecoin. So, he may be hinting at BTC and millennials’ love for this new fintech by mentioning the $62,600 amount.