Is it wise to hold at least some BTC in a tax-advantaged account?

BlockchainIsTheWay
0
0

Is it wise to hold at least some BTC in a tax-advantaged account?

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:

  1. Confiscation of BTC
  2. NYKNYC
  3. Broker insolvency causing loss of funds.

Thoughts?