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Crypto trading in a 401k would at least solve the maze of taxes and valuations. Assuming it doesn’t go to zero (yes, yes, big if…), what you get out when you ca
by koolba 4y ago
Crypto trading in a 401k would at least solve the maze of taxes and valuations. Assuming it doesn’t go to zero (yes, yes, big if…), what you get out when you cash out and withdraw would be ordinary income.
- cycrutchfield 4y agoNot to mention widespread adoption would increase the likelihood of a government bailout when it inevitably crashes, which is the real motivating factor for those pushing for it
- NotSammyHagar 4y agoThat doesn't necessarily follow to me. When an average company goes bankrupt, people just lose their money. I believe federal intervention is when there is systemic risk (or major criminal actions). I've been learning from this thread but it doesn't seem to be systemic. It's not going to take down a bunch of real world banks, crypto market cap was less than $1T. If I own bank stock or whatever in my 401k, it's on me if it dies, crypto would be the same.