Going for retirement funds would be suicide for any political party.
A bitcoin nationalisation program would be an easy lift. They get to assassinate bitcoin socially, most salty nocoiners will eat the narrative and support the move.
If #Bitcoin is big enough, maybe. But the market cap for Bitcoin would need to be $20 trillion + for that to happen. So well over $1 million/Bitcoin. Even then, that won't fix it.
The more likely 'taking' is pension funds (in the U.S.A.) which contain about $35 trillion in assets.
David Web wrote a book on this. Towards the end, there are letters between the EU and NY Fed discussing the issue.
In a nut shell, the legal frame work for confiscation of retirement plans was put in place between the late 90's and finished in 2022/2023.
During a catastrophic event, the Government could take part or all your retirement money to 'save' the system. Read it - it's worth at least knowing the framework has been discussed - for over a DECADE. https://docplayer.net/234739593-The-great-taking-david-rogers-webb.html
Discussion
If they took retirement accounts now - of course it would be suicide.
But imagine a collapsing economy. 20% unemployment (maybe more). Defaults on Credit Cards, Cars, Houses through the roof.
People will be demanding Government rescue them - as we have been conditions - and losing 50-70% of your retirement for a 'bail out' will seem, during this time described, a blessing for most - even those in the upper middle class with all the 401K plans. They will be thinking, "Giving it to the government to keep my house/car is better than losing it all..."
American's have no idea what hard times are, but during a debt collapse they are going to feel it like never before. And it 100% will occur, we just don't know when.
Summary: Most will beg Government to save them with retirement money - and the Charlatans in Government will be more than happey to 'help.'