The 2024 Bitcoin Conference in Nashville
The largest Bitcoin conference ended on July 27. The speakers included two presidential candidates: Robert Kennedy F. Jr. and Donald Trump
US presidential candidate Robert Kennedy F. Jr. says he will sign an executive order requiring the US to buy 550 Bitcoin per day until it builds a reserve of 4 million BTC if he is elected president
Donald Trump used the slogan "Bitcoin to the moon" and said that under his leadership the price of Bitcoin would explode . He promised to fire SEC Chairman Gary Gensler, who had repeatedly spoken out against cryptocurrencies, on the first day of his term (and received much applause for doing so). Trump also announced that his administration would keep the Bitcoins that the US government already owns as a "strategic national asset" and would ban central bank digital currencies (CBDCs).
The words may seem surprising, but the USA is in the election campaign and it is estimated that over 20% of the population is invested in Bitcoin .
Both speeches have a certain entertainment value, but more exciting were the words of Michael Saylor, who described the transformative potential of Bitcoin in our digital economy and positioned Bitcoin as a cornerstone for future wealth preservation and growth. It is worth watching his 37-minute keynote on YouTube .
Bitcoin in retirement planning?
Investing in Bitcoin is not for the faint-hearted, as the fluctuations are massive. In addition, Bitcoin, like gold, does not pay dividends or interest, but is also an interesting investment for diversification. If Bitcoin continues to prevail, the profit potential is enormous, but at the same time there is still the risk of total loss. It therefore makes sense to only invest in what you can also cope with a total loss. In a portfolio context, this can be several percent.
The pension funds
In addition to the AHV, retirement provision includes the pension fund, any vested benefits accounts, Pillar 3a accounts and, of course, your regular investment accounts (Pillar 3b).
In the US, a few pension funds such as the Wisconsin Retirement System and the State of Michigan Retirement System have already invested in Bitcoin. In Switzerland, we have not yet heard of any Swiss pension fund investing in Bitcoin (please write to us if you know of one).
Vested benefits accounts, which are used as a temporary solution in the event of a break from work or unemployment, are not suitable for very risky investments because the investment period is too short.
Bitcoin is not (yet) part of the standard portfolios of Pillar 3a providers. However, you can add Bitcoin to your Pillar 3a portfolio with the following providers:
Pillar 3a providers where you can invest in Bitcoin
With the Pillar 3a solutions you have the following options:
Finpension allows you to invest up to 5% in Bitcoin with an individual strategy.
VIAC also allows you to invest up to 5% in Bitcoin if you create your own strategy.
Both providers use the iShares Bitcoin Trust , a US-registered ETF with management fees of just 0.25%.
Investing Bitcoin outside the pension system
Since capital gains are tax-free in Switzerland and Bitcoin does not pay dividends or interest, it actually makes more sense from a tax perspective to hold Bitcoin as free assets.
However, the Pillar 3a solutions allow you to invest in Bitcoin easily and inexpensively. We will be writing more about other investment options in the future. So don't forget to subscribe to our newsletter .
Happy investing!
Jeff Haindl & Reto Rauschenberger
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