Of course differing kinds of funds offer differing costs and benefits, and we might get ourselves in a pickle if we don't keep enough back up funds so that if some kind of an unexpected need for cash comes we have to have some place from which to quickly draw such funds, so it would be dangerous to end up having to tap into our bitcoin investment rather than having enough cash available.

SomeIn terms of being able to draw from somewhere, some funds are more liquid than others too.

Some funds offer various kinds of benefits of tax incentives or even cost of moving them, so there can be disincentives to move them.  Relatively speaking BTC tends to be quite liquid.. so depending on how fast any need for cash were to occur, we might ONLY have bitcoin as the fastest means to get the value available to us (or within our bank account) within a few days.

I recall in late 2014One thing is emergencies, after I had already been accumulating bitcoin for about a year, my investment into bitcoin was right around 40% in the negative with BTC prices around $380 and my average cost per BTC slightly higher than $600 per BTC.  I was considering if I withdrew either the size of my bitcoin investment or even close to double the size of my bitcoin investment from my 401k, then I could double or even closeanother thing is trying to triple the size of my bitcoin holdings, and maybe still hold some of the remaining value in my 401k.  So I would ONLY be withdrawing 30%decide where to 50% of my 401k holdings.  It would also likely bring my cost per BTC down to below $500 per coin depending on how many BTC I boughthold funds, and presuming that Iespecially if we might be able to get intoconsider that bitcoin around $380-ish per BTC.  I was considering transferring those funds into some kind ofis a self-directed retirement fundgreat place to avoid negative tax consequences.  In the end, i decided not to do it, since I considered that it was probably better to keep some decent amount of myhold value in traditional finances to serve as a kind of hedge to my bitcoin investment.  At that point, I wasyet at the same time, we might also starting to consider that I had enough bitcoin. and I did not necessarily want to have more of my then networth in bitcoin. since it was then 10% in bitcoin, but maybe if I had gone through with the deal, itextent to which we might have put 20%be becoming overly exposed to 30% of my networth in bitcoin, depending on how I carried it out as compared with other places that we might be holding our value.

In the end, after thoseI recall in late 2014 considerations, it ended up becoming that merely throughafter I had already been accumulating bitcoin's price appreciation (rather than my moving funds around) for about a year, the proportion of my wealth ininvestment into bitcoin went up to 75% in 2017 and then came back down towas right around 40% in 2018, and then it went up to like 80% in 2021 and back down to 60% in 2022 and then perhaps currently in the ballpark of 90% in bitcoin, even though I did not make any special allocation into bitcoin,negative with BTC prices around $380 and my average cost per BTC slightly higher than $600 per BTC.  At that point I even made some mistakeshad put right around 10% of losing some of my quasi-liquid investment portfolio into bitcoin along the way too(counting all my assets and trying to figure out their value based on how liquid they were... so just imagining iffor example, with real estate property that I had moved up to halfowned, I only counted about 30% of the value ofand considered them pretty non-liquid.. similar with my 401k into bitcoinstake in 2014,a business that might have had been overkill and/or way more than necessary to still greatly profit from continuing to have bitcoin and not really selling large amounts of itI then owned)...  

At that time, in late 2014, I was going through calculations about how much bitcoin I had and various assets that I had and the extent to which I might be able to put some of the value from the other assets into bitcoin.  I was considering if I withdrew either the size of my bitcoin investment or even close to double the size of my bitcoin investment from my 401k, then I could double or even close to triple the size of my then bitcoin holdings, and maybe still hold some of the remaining value in my 401k.  So I would ONLY be withdrawing 30% to 50% of my 401k holdings.  It would also likely bring my cost per BTC down to from a little bit over $600 per BTC to below $500 per coin depending on how many BTC I were to be able to buy, and presuming that I might be able to get the additional bitcoin for around $380-ish per BTC.  

I was considering transferring the 401k funds into some kind of a self-directed retirement fund to avoid negative tax consequences and then to buy BTC with it.  In the end, i decided not to do it, since I considered that it was probably better to keep some decent amount of my value in traditional finances to serve as a kind of hedge to my bitcoin investment.  At that point, I was also starting to consider that I had already accumulated enough bitcoin, even though they were right around $40% in the negative, and I did not necessarily want to have more of my then net worth in bitcoin. since I considered that my quasi-liquid net worth was then 10% in bitcoin, but maybe if I had gone through with the deal, it might have put close to 30% of my quasi-liquid net worth in bitcoin, depending on how I carried out such a reallocation.  I did not end up cashing out any of my 401k to put into bitcoin.

In the end, after those 2014 considerations, it ended up becoming that merely through bitcoin's price appreciation (rather than my moving funds around), the proportion of my wealth in bitcoin went up from 10% to 13.5% by my merely adding manually in 2015, and then from 13.5% to 75% in 2017 due to the BTC's price movements, and then my proportion in bitcoin came back down to 40% in 2018 due to BTC price drops, and then it went up to like 80% in 2021 due to BTC price moves upward, and back down to 60% in 2022 and then perhaps currently in the ballpark of 90% of my quasi-liquid wealth in bitcoin, even though I did not make any special allocation or reallocations into bitcoin, and the changes were all largely due to changes in the BTC price.  I even made some mistakes of losing some of my bitcoin along the way too... so just imagining if I had moved up to half of the value of my 401k into bitcoin in 2014, that might have had been overkill and/or way more wealth put into bitcoin than necessary to still greatly profit from continuing to have bitcoin and not really selling large amounts of it... Maybe I would have lost that portion too?  Not easy to say with "what ifs?"

If we are looking at products that potentially produce yield and potentially have abilities to transfer into them without tax consequences, then we are going to consider these kinds of matters when choosing which products we hold, so I personally had considered that there could be some products that I might be able to hold without selling BTC, yet many of the MSTR products or copy cat of MSTR products would require my selling BTC to hold the MSTR product, yet the MSTR product is pegged to BTC, allows MSTR to buy more BTC with my money, and then perhaps I would get the upside price performance in dollars or even metrics that are tied to BTC prices, but still if I cash out of the MSTR product, I have to cash out in dollars and then buy BTC if I want to actually hold the BTC rather than cash, and sure, many folks have proclaimed that my dollar performance may well be greater by holding the MSTR product rather than directly holding BTC... yet there are trade offs for getting that kind of supposed better performance (value).

Of course differing kinds of funds offer differing costs and benefits, and we might get ourselves in a pickle if we don't keep enough back up funds so that if some kind of an unexpected need for cash comes we have to have some place from which to quickly draw such funds, so it would be dangerous to end up having to tap into our bitcoin investment.

Some funds are more liquid than others too.

Some funds offer various kinds of benefits of tax incentives or even cost of moving them.

I recall in late 2014, after I had already been accumulating bitcoin for about a year, my investment into bitcoin was right around 40% in the negative with BTC prices around $380 and my average cost per BTC slightly higher than $600 per BTC.  I was considering if I withdrew either the size of my bitcoin investment or even close to double the size of my bitcoin investment from my 401k, then I could double or even close to triple the size of my bitcoin holdings, and maybe still hold some of the remaining value in my 401k.  So I would ONLY be withdrawing 30% to 50% of my 401k holdings.  It would also likely bring my cost per BTC down to below $500 per coin depending on how many BTC I bought, and presuming that I might be able to get into bitcoin around $380-ish per BTC.  I was considering transferring those funds into some kind of a self-directed retirement fund to avoid negative tax consequences.  In the end, i decided not to do it, since I considered that it was probably better to keep some decent amount of my value in traditional finances to serve as a kind of hedge to my bitcoin investment.  At that point, I was also starting to consider that I had enough bitcoin. and I did not necessarily want to have more of my then networth in bitcoin. since it was then 10% in bitcoin, but maybe if I had gone through with the deal, it might have put 20% to 30% of my networth in bitcoin, depending on how I carried it out.

In the end, after those 2014 considerations, it ended up becoming that merely through bitcoin's price appreciation (rather than my moving funds around), the proportion of my wealth in bitcoin went up to 75% in 2017 and then came back down to 40% in 2018, and then it went up to like 80% in 2021 and back down to 60% in 2022 and then perhaps currently in the ballpark of 90% in bitcoin, even though I did not make any special allocation into bitcoin, and I even made some mistakes of losing some of my bitcoin along the way too... so just imagining if I had moved up to half of the value of my 401k into bitcoin in 2014, that might have had been overkill and/or way more than necessary to still greatly profit from continuing to have bitcoin and not really selling large amounts of it...

If we are looking at products that potentially produce yield and potentially have abilities to transfer into them without tax consequences, then we are going to consider these kinds of matters when choosing which products we hold, so I personally had considered that there could be some products that I might be able to hold without selling BTC, yet many of the MSTR products or copy cat products would require my selling BTC to hold the MSTR product, yet the MSTR product is pegged to BTC, allows MSTR to buy more BTC with my money, and then perhaps I would get the upside price performance in dollars or even metrics that are tied to BTC prices, but still if I cash out of the MSTR product, I have to cash out in dollars and then buy BTC if I want to actually hold the BTC, and sure, many folks have proclaimed that my dollar performance may well be greater by holding the MSTR product rather than directly holding BTC.