AUSTIN, Texas — David Ramirez, CEO of 401(k) provider ForUsAll, said Wednesday at the Consensus 2023 Festival that an Individual Retirement Account (IRA), or 401(k), is a “great place” to invest in Bitcoin (BTC ) to invest.
Ramirez, who shared the stage with John Haar, managing director of private client services at Swan Bitcoin, gave two reasons for putting BTC in retirement accounts like an IRA and 401(k).
The first was “forever tax-free crypto investing with Roth dollars,” Ramirez explained, but “more than that, it can be a powerful way to reduce overall portfolio risk” since IRAs are tax-exempt, allowing people to “Better bid” for market highs and lows.
Ramirez pointed out that there is little trust in Social Security to provide capital for retirement. “It is our responsibility to save for our retirement. We should be free to invest however we see fit to get there,” he added.
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