Personally, I wouldn’t give up the free employer match. Fiat will still be around for a long time. You can put any additional funds in a self directed Roth IRA and purchase BTC.

I’m not an investor. I have no financial background. I’m just a humble pleb so this is just my opinion.

But there is no other asset that has performed like Bitcoin in the past ten years. Yes, there have been some bad years. But you stand to be up more than the 4% your employer matches should you move forward with this decision.

If the company match is put in a DCPP and not a Rrsp, I’d probably recommend Bitcoin or tfsa instead.

Couple of reasons:

1. during crisis times, first thing I noticed that disappears is pension funds. Mysterious how that happens 🙄

2. No such thing as free money. I don’t have the mental capacity to understand where the employer is getting this money from, but there’s a trade off somewhere

3. You should not look into rrsp unless you are at the height of your career where you will save the most tax dollars (since you are earning the most you ever will be. Studies show that that’s ~45-50 years old. Though it’s not a rule). Tfsa you suck up the taxes today and guarantee no taxes in the future. The earlier you are in tfsa the better it is for compounding. And in my experience, companies don’t match tfsa contributions.

4. Bitcoin throws a wrench in the mix. IMO, fiat and bitcoin can’t coexist. They are polar opposites. If one goes bust the other survives.

I personally don’t know how long the fiat fraud can go so I split my contributions. But I don’t put it in a dcpp or rrsp which in my situation are worthless.

Odds are if you split the middle (2% in your company match and 2% you personally DCA in bitcoin, you’ll get better fiat returns in Bitcoin.

Depends what you plan on doing with your Bitcoin. Capital gains taxes will be a bitch. Not to mention to comply with CRA rule, you may need to fix your public wallet addresses when/if you sell your bitcoin.

Personally? I'd be looking at what early withdrawals cost, and how often you can do them. If you're putting in 4%, they're putting in 4%, and then an early withdrawal gets hit with a 10% penalty, you're still looking at getting 7.2% instead of the original 4%. Even if you then assume it's taxed at 30% (check your tax bracket of course), you'd still be looking at over 5%, instead of the 4% you're contributing, which you could then walk and buy BTC with.

You can potentially make use of your employer match and buy BTC outside of your plan -- think of it like having your cake and eating it too.

Disclaimer: I'm really not here to suggest you do this. I'm just offering perspective on the math involved IF you're choosing to try to just maximize your bitcoin purchase, as it looks like others are suggesting, and you are considering. What you choose to do in terms of actual investments is nothing I'd want to touch with a 10 foot pole as I'm far from qualified to do so, and even if I were, I'd need a lot more information to build up an appropriate suitability profile. Consult with an investment advisor you trust to find your blind spots and explore your real risk tolerance to fill in your blind spots, and make an educated decision from there. Also, it'd serve you to truly dive deep into what the plan offers. Some currently do offer custodied bitcoin directly (these are rare), and others allow you to have a linked brokerage account that enjoys the plan tax treatment while giving you more flexibility in terms of investment options (these vary heavily based on plans).