Should people in Scotland hold any Bitcoin in a pension pot, given the FCA's crypto rules and the volatility seen since 2021?

Hello, I'm Wilson, and as I like to say, the hardest question to answer is the one you don't ask! Today's question sounds like a yes or no. Should someone living in Scotland put any Bitcoin into their pension pot, given the Financial Conduct Authority's rules on crypto and the wild swings we've seen since 2021? Let me rephrase it, because the real question is a little different. It isn't really about Scotland, and it isn't really about whether Bitcoin is good or bad. It's about how much of your retirement you can afford to tie to something that can lose most of its value in a year and then climb back, and through what door you let it in. Here's the point most people get wrong. They assume Scotland has its own pension rules, or that the Scottish Parliament has some say over crypto. It doesn't. Pensions and financial regulation are reserved to Westminster, so the same FCA rules apply in Inverness as in Islington. Where Scotland does differ is income tax. Scottish rates and bands aren't the same as the rest of the UK's, and pension tax relief follows your income tax rate. That changes how much …