Post
Topic
Board Bitcoin Discussion
Re: Just bought FBTC in my 401k. First time ever holding crypto for retirement.
by
Poker Player
on 09/02/2024, 04:07:05 UTC
Sounds good, if there are more people investing in Bitcoin, However as I have always said, I would love if people could directly invest in the Bitcoin and try to own the actual stuff rather than just buying it in some form of ETFs. I understand that there might be some benefits for buying ETFs which I do not understand or know of, but I would simply purchase Bits directly. Retirement plan is a must!
Pretty much this.  What is the point really.  I get there is a financial benefit and profit you could earn but this removes all the fun and purpose of Bitcoin to replace it with hope for a profit.  It makes no sense to me.  Bitcoin offers an opportunity to financial freedom like never before.  And experiencing that is the most fun part of it.

I agree with you, and that's the first thing I thought when I read the OP. However, I think this is going to become more popular than we would like. Just like people use custodial wallets and buy Bitcoin on centralized exchanges, they will buy Bitcoin in their 401k or equivalents when the option is implemented. I have a pension plan, not a 401k exactly because I don't live in the USA, and I don't have Bitcoin there. The Bitcoin I do have is managed by me with my private keys. It makes the most sense.