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@ Dug
2025-06-04 10:53:34
If you’re saving for your retirement in a pension, even if you’ve been able to somehow hold real bitcoin in that pension, I’m not sure you get it. This is your money, the government return the tax you paid on it, and won’t let you touch it until your 60, 65 or even 70.
Do you think they won’t suddenly see what you have and take a liking to your pension pot? (Rachel reeves did when she removed the “tax free” transfer after your death, yeah, the 40% 💨) When you get to 70, do you think they won’t simply change the goal posts?
I liked putting money in my pension because if everything goes to plan, it feels like I’m clawing back just a little of what they stole from my wage, but I’d actually prefer not even doing that, and just take what little they let me take home and remove it from their system.
My pension is an artifact from a different time in my life when I had faith in the system and optimism that I could trust the government. What I do at least like, by investing in American bitcoin firms, I’m at least keeping my pension pot away from the awful British government.
But what if…… when they impose an exit tax I can use my “worthless/freedomless” pension to pay the bill. Taking the money they gave back to me as payment to exit…. maybe add in the house I can’t take with me…… hmmmm, may need to do this sooner rather than later before they get wise to my idea.
I worry for the no coiners of 40 and absolutely 50 or over who may be adding to their “work pensions” oblivious of both the future value of that pension and the lack of control they have over their pension (even a million £$€ will likely not cut the mustard). Even if they own their house they still need somewhere to live and this will unlikely fill any pension shortfalls in the long term.
Still worse are those 40 plus no coiners without a house of their own, with little opportunity to now pay off a mortgage before they retire, who have been living in a “things will work out” world, oblivious that their future will be defined by what their government will be willing to steal from the productive or steal from the future (through debt), while also likely having to work themselves into an early grave.
I may speak the truth to these poor souls, but I fear they will not listen and discard the “risky digital token”. #bitcoin
You don’t invest in #bitcoin because you think it is too risky. I save in bitcoin because it is not.