Millions of US citizens own both Bitcoin and a retirement account, but hold no Bitcoin in that retirement account.
Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts.
"There's 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don't have Bitcoin in their retirement account," Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview.
People have more to spend on Bitcoin in their retirement accounts
Retirement accounts allow the public to put money into a long-term investment fund, with the stipulation of only taking money from that account after a certain time period — usually totalling decades, depending on the participants age.