David Ramirez, CEO of 401(k) provider ForUsAll, said Wednesday at Consensus 2023 Festival that an individual retirement account (IRA) or a 401(k) are a "great place" to invest in bitcoin (BTC).
Ramirez stated two reasons for putting BTC into retirement accounts like an IRA and 401(k).
The first was "tax-free crypto investing forever with Roth dollars," but "more than that, it can be an effective way of lowering overall portfolio risk," because IRAs are tax-deferred, which allows people to have "better write out's" for market highs and lows.
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