I wouldn't buy GBTC at 1750 per coin, but I could do 380 and 420 like some have. By the time I would cash out some of my 401k and get taxed and penalized I would end up spending more than that per BTC, so to be able to roll a bunch of my 401k into bitcoin is well worth the added cost of each share. I am planning on buying GBTC shares with 10% of my incoming 401k contributions once the ask side is built up. For every $1 I put into my 401k my company contributes $2, so I am very excited about this.
Wouldn't you be far better off making a loan to yourself from your 401k avoiding the tax/penalties and then buying Bitcoin with that for 1/2 price?
Or is that too much work and your 401k doesn't mean that much to you at this point in your life because the majority of it comes from your company & you don't need it yet?
This is the first time in my +2 years of fucking around with Bitcoin that I would not recommend it to a friend... something feels fishy.
Definitely a little fuckery in the ether.