[EternalUsenet]

I can’t imagine why I would want to purchase BTC on a vehicle intended for retirement savings. This is absolutely asinine to me and I see so many people losing their shirts and could be rife with abuse. If people really want to, they can gamble their money away at Coinbase.

This is really feeling like tragedy of the commons and needing to find more ways to pull in real money into this system so whales can swim in their piles.

[gruez]

>I can’t imagine why I would want to purchase BTC on a vehicle intended for retirement savings.

No capital gains, for one. "Buy BTC for my IRA" =/= "Bet my entire retirement fund on BTC"

[EternalUsenet]

I never said entire retirement fund. Way to put words in my mouth. I mean having access to this at all is going to allow degenerate gamblers to have an avenue to spend on BTC and the contagion will spread further, like a self fulfilling prophecy.

Also, the halvening I imagine will be a very bad thing for miners, unless it’s guaranteed to double in price, miners are going to suddenly make less in value after the event occurs. Just because the halvening happened to behave a certain way in the past doesn’t guarantee future results.

[cykros]

If you saw what sorts of stocks people put in their IRA's, putting Bitcoin in there would be the least of your concern.

Remember GME, AMC?

[chomp5977]

No one who has bought and held Bitcoin in self custody has lost their shirt.

[ur-whale]

> No one who has bought and held Bitcoin in self custody has lost their shirt.

Yup.

Better yet, they own Bitcoins.