I've always been for self custody and I practice what I preach but lately I have been wondering if holding all of my BTC in my wallet is a good idea. I would like to take advantage of accounts like 401K/ROTH IRA to get some tax-free gains on BTC. Of course I would invest in a BTC ETF since in Canada (where I reside) there already is an approved BTC ETF.
Is anyone else doing this? Is there any reason why it would ever not be worth it? The reasons I can think of so far against doing this are:
- Confiscation of BTC
- NYKNYC
- Broker insolvency causing loss of funds.
Thoughts?
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