GM.
Just had my brother in law (very successful financial advisor at Fidelity) text me “thoughts on ETF DCA vs BTC directly” to which I replied asking if he was trolling me. “Not at all, Roth cash is going into it”
I’ve been racking my brain for a minute now - what is the best analogy here in simpleton terms? I mean custody vs self custody is kinda boring to people that don’t get it but there has to be a simple example that shows how dumb the question is without realizing it?
#asknostr
Ask if he would rather own real gold or paper IOU for gold, if the cost of storing and perfectly securing that physical gold was 0.000001% of the asset value instead of 1%
Roth is tax free and self-custody isn’t for everyone, especially if they are just asking now. That is my two Sats as someone who gets it, and knows people who get it who have lost keys.
Yes there are certainly the retirement advantages you can’t rule out
Putting price action aside, #Bitcoin is insurance against legacy system financial collapse. To see what that looks like, consider previous financial collapses like the Weimar Republic, or more recent crises like the Cypress bail-in of 2013.
Institutions, over-leveraged and strapped, seize assets custodied by centralized institutions. Sometimes those pay out the victims later, but in the old currency units that have been hyperinflated to worthlessness.
Buying a #Bitcoin ETF is like buying fire insurance on a house, and then leaving the contract inside. When the house burns, so goes the contract.
