Buying #bitcoin to hold in a government registered retirement account you can't withdraw from without their permission seems like an absolutely terrible idea.
Fold fiat stuff in fiat accounts imo
Discussion
I hold the keys to my govt enforced retirement fund.
I take it for granted how good we have it in Australia for that element. People do the same thing with gold but the auditing is a bit more involved.
I think I'd prefer shares in bitcoin miners & MSTR over trusting someone to hold my keys.
"can't" doing a lot of work here
Buying #bitcoin to hold in a government registered retirement account you will be fined for withdrawing from without their permission seems like an incredible idea because if you are like most people, this is the largest pool of wealth you will ever have access to and investing it in the best performing financial asset in history is a no-brainer, and also because if worse comes to worst and you need to access your savings you can give the feds the big ol' middle finger, sell those assets, and there isn't a god damned thing they can do to stop you from spending your own hard earned uncensorable, unconfiscatable money.
FTFY
Oh, also, if it's a Roth, you don't pay taxes on asset appreciation.
I appreciate both perspectives here. I want to save for retirement tax free using bitcoin and a bitcoin Roth IRA seems to enable this while maintaining custody. At the same time, I’m concerned that a hostile regulatory environment may lead to making my necessarily KYCed retirement funds illegal. Any thoughts about this possibility?
If you don't hold the keys you are just putting Bitcoin in bankers and government hands.
yeah hold your own keys, that part is not negotiable
Screw government partnership, where you put up all the capital, take on all the risk and the government takes a portion of your profits on taxes. They can go screw. I'm all about free contracts with free people. We keep our capital in private contacts outside the commercial banking system. #InfiniteBanking #FinancialTailwind #DynastyWealthPartners #BecomingYourOwnBanker #NelsonNash nostr:npub1llv0f7yfsk9fx4kr87ndjqz9flwmetx3zcg3r997y299qvhu3ecqncdqsm