For this reason, he suggested cryptocurrency may not be the most appropriate choice.
Mr Bifulco continued: “There are, however, other paths people can take to protect their wealth in preparation for later life.
“As a starting point, individuals can limit the amount of money they store as cash savings, and begin to explore assets that are recognised for their price stability.
“Gold offers a proven capacity to store value over time and is now more accessible than it has ever been, through its digitalisation.
“Gold has shown resilience during notable economic crashes, more so than stocks and bonds, and brings with it a track record for value appreciation, seen over the past 50 years.