According to U.Today, Dogecoin creator Billy Markus, known as Shibetoshi Nakamoto on social media, recently shared his views on millennials' retirement savings via his X account. Markus, who often uses irony in his posts, pointed out that millennials' retirement savings are significantly below their target, equating to roughly one Bitcoin. This observation has sparked a lively discussion among his 2.1 million followers.
Markus highlighted that millennials believe they need approximately $1.65 million for a comfortable retirement. However, he noted that their current savings are around $62,600, a figure he used to illustrate the impact of current U.S. inflation on saving efforts. He also mentioned that millennials plan to retire by age 59, adding a “grimacing face” emoji to underscore the challenge of reaching their savings goal.
The discussion in the comments section of Markus's post revealed mixed reactions. Some users agreed with his humorous take, while others debated whether millennials would need to retire later or with less money saved. Many also raised concerns about the effects of current inflation and the growing state debt on average people's financial stability.
In his tweet, Markus referenced the $62,600 figure, which coincidentally matched the value of Bitcoin on that day. This led some to speculate that he might be hinting at Bitcoin and millennials' interest in cryptocurrency as a potential solution for their financial future. Markus has previously expressed his preference for Bitcoin over Dogecoin, further fueling this speculation.