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| Name | Are Bitcoin IRAs Safe? |
| Video Uploader | Video From Bitcoin University |
| Upload Date | This Video Uploaded At 11-05-2023 12:13:55 |
| Video Discription | Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss Bitcoin IRAs and the risks that you take on if you allow a custodian to hold your Bitcoin private keys. "Not your keys, not your coins." In an Executive Order 6102-like situation, any Bitcoin held by a third-party custodian (including retirement accounts) could and would be seized by the US government. A much better solution for Bitcoin IRAs is to use something like Unchained's multisig product, where you hold 2 keys and Unchained holds 1 key. In a severe crisis, the US government and central bankers will do whatever is necessary to protect themselves, even if that involves stealing private property from American citizens and residents. For some people, it may (at least hypothetically) make sense to cash out their IRAs, pay the very steep penalties, and move the proceeds into anonymous Bitcoin. It really just depends how bearish you are on your country, and how bad you expect things to get. That's not financial or tax or legal advice. Not investment advice! Consult a financial advisor. Executive Order 6102: https://en.wikipedia.org/wiki/Executive_Order_6102 The US Constitution Is A Shipcoin: https://www.youtube.com/watch?v=0WFDXuYgT-k&ab_channel=BitcoinUniversity Best Way To Store Large Amounts of Bitcoin (Multi-Sig): https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=BitcoinUniversity Unchained's Bitcoin IRA: https://unchained.com/bitcoin-ira https://www.youtube.com/watch?v=ONhIcJAq0Y8&ab_channel=Unchained I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #retirement Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. |
| Category | Education |
| Tags | Bitcoin IRA | Bitcoin retirement account | Bitcoin University |
