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.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
Sign up for free CryptoCodex now—A daily five-minute newsletter for traders, investors, and crypto curious people that will keep you up to date and ahead of the bitcoin and crypto bull market
Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
Getty Images
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
Sign up for CryptoCodex now—A free daily newsletter for the crypto-curious
Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise
Please note that our Privacy Policy, terms of use, cookiesIt is do not sell my personal information Has been updated.
CoinDesk is a awarded media outlet that covers the cryptocurrency industry. Its journalists follow a strict set of editorial policies. In November 2023, CoinDesk has been acquired by the Bullish group, owner of Optimistica regulated digital asset exchange. The Bullish Group is majority owned by Block.one; both companies have interests CoinDesk has a portfolio of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
“A Pullback is coming! But the neighbor is absolutely amazing ” – Jack Mallers
“Deepseek is only the beginning of the enormous opportunities in 2025” – Catie Wood and Tom Lee
“Their plans for 2025 shock the world” – Whitney Webb’s terrible warning for 2025
“The evaluation of $ 18 trillion of Bitcoin is just around the corner” – Larry Lepard
Lyn Alden – “Many are not aware of what is really happening with Bitcoin and Crypto”
Bitcoin soars above $63,000 as money flows into new US investment products
Ethena downplays danger of letting traders use USDe to back risky bets – DL News
Zodialtd.com to revolutionize derivatives trading with WEB3 technology
FRA Strengthens Cryptocurrency Practice with New Director Thomas Hyun
Bitcoin Fails to Recover from Dovish FOMC Meeting: Why?
“A Pullback is coming! But the neighbor is absolutely amazing ” – Jack Mallers
“Deepseek is only the beginning of the enormous opportunities in 2025” – Catie Wood and Tom Lee
“Their plans for 2025 shock the world” – Whitney Webb’s terrible warning for 2025
“The evaluation of $ 18 trillion of Bitcoin is just around the corner” – Larry Lepard
Lyn Alden – “Many are not aware of what is really happening with Bitcoin and Crypto”
-
News6 months agoBitcoin soars above $63,000 as money flows into new US investment products
-
DeFi6 months agoEthena downplays danger of letting traders use USDe to back risky bets – DL News
-
DeFi6 months agoZodialtd.com to revolutionize derivatives trading with WEB3 technology
-
News6 months agoFRA Strengthens Cryptocurrency Practice with New Director Thomas Hyun
-
Markets6 months agoBitcoin Fails to Recover from Dovish FOMC Meeting: Why?
-
DeFi9 months ago👀 Lido prepares its response to the recovery boom
-
DeFi8 months agoPancakeSwap integrates Zyfi for transparent, gas-free DeFi
-
Videos8 months agoBlackRock and Wall Street ready to take Bitcoin directly to $200,000 – Anthony Scaramucci
-
DeFi9 months ago
🏴☠️ Pump.Fun operated by Insider Exploit
-
Videos9 months agoThis is the exact and unique time to sell your crypto asset – Raoul Pal
-
Videos9 months ago“BlackRock HAS UNLEASHED a massive multi-trillion monster” – Lyn Alden and Eric Balchunas
-
DeFi9 months ago
🚀 S&P says tokenization is the future