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Is Crypto A No Go For Baby Boomers?

Are you a Baby Boomer in retirement or heading there soon? With crypto hype everywhere—Bitcoin ETFs, celebrity endorsements, and promises of quick riches—should you dip in? As a retired airline pilot and Naval Aviator with 35+ years in high-stakes decisions, I say: Crypto might be a HARD NO-GO for us. In this video, I break down why, using real risks, stats, and my own close calls (like dodging the NFT crash and a friend's Bitcoin obsession). Why watch? I'll show you: How crypto's volatility (e.g., Bitcoin's 65% drop in 2022 vs. gold's 5% gain) could wreck your nest egg during withdrawals. Scam alerts: Phishing, hacks, lost keys—seniors like my parents are prime targets (4-10% of Boomers own crypto, but many regret it). Charlie Munger's "inversion" trick: Flip the script—what could go WRONG? (No margin of safety, tax headaches, opportunity costs for health care). Crypto myths busted: Fungibility? Portability? Security? I compare it to gold's 5,000-year track record vs. Bitcoin's unproven 14 years. Safer alternatives: Stick to "boring" winners like stocks, bonds, and a dash of gold for stability and tax-free growth. My story: From a tiny Coinbase dabble to realizing crypto's Ponzi vibes and regulatory wildcards—lessons from the skies applied to finance. This isn't FOMO fuel—it's real-talk protection for your hard-earned retirement. If you're over 55 and eyeing crypto, hit play before you click "buy." Not financial advice—consult pros! ⏰ Timestamps: 0:00 – Hook: Is Crypto Worth the Risk for Retirees? 2:15 – My Crypto Wake-Up Call (YouTube Scams & Friend's Bitcoin Bet) 5:30 – Volatility Nightmare: 2022 Crash Stats & Withdrawal Risks 9:45 – Scam Central: Phishing, Hacks, and Why Boomers Are Targets 13:20 – Munger's Inversion: What Could Go Wrong? (Taxes, Complexity, No Safety Net) 17:10 – Crypto vs. Gold: Myths Busted (Scarcity, Utility, History) 21:00 – Better Paths: Stocks, Bonds, Gold for Secure Retirement 24:30 – Final Verdict & Viewer Q&A 👍 Like if this saved you from a bad bet! Subscribe for more Boomer-focused finance, fitness, and fun from a retired pilot. Comment: Have YOU dabbled in crypto? Share your story below! #CryptoForBoomers #BitcoinRisks #RetirementInvesting #BabyBoomerFinance #CryptoScams #GoldVsBitcoin #SafeInvestments #RetirementPlanning Disclosure: Not investment advice. Past performance isn't future results. Always consult a financial advisor.