Elizabeth Warren to SEC: Keep Bitcoin OUT of retirement accounts.
"Allowing crypto into American retirement accounts creates fertile ground for workers and families to lose big."
By "lose big" she means "they will be able to accrue wealth and remove the yoke of the welfare state from their necks, gaining a foundation for not only themselves but their progeny to flourish into a new age of prosperity and freedom."
Imagine judging a scarce assetโs store of value properties over decades based on how it performed for a few weeks against a currency printed out of nothing.
If she manages to push this through (doubtful) there's an easy solution. Cash out whatever allocation you had to Bitcoin in your retirement account(s) and buy Bitcoin with it. Preferably non-KYC and Self-custody. There's a 10% early withdrawal penalty on top of the regular income tax. However, if Bitcoin is worth >10% more when you eventually sell/spend it you spend less on taxes. Assuming the same future tax rate. If taxes are higher in the future (probable) you save even more. Not to mention the other advantages of self-custody.. ๐