You can buy bitcoins and other cryptocurrencies with your retirement savings. This involves using an investment vehicle known as a self-directed IRA to invest in assets other than stocks, bonds, and mutual funds that IRAs are most commonly used for. This is the same type of account investors can use to buy real estate in their IRAs.
But is it smart to buy volatile assets with money you can’t afford to lose? Retirement savings are definitely the money you can’t afford to lose.
The volatile bitcoin might be one asset class and a small part in your asset allocation in a well balanced long term investment portfolio but should not be a part of your retirement funds, especially when you only have a few years to go.