Subnostr

Wouldn’t touch any of the #Bitcoin ETFs personally. That said, happy for tradfi boomers who only know how to call up their broker George saying they want to put 1% in this bit coins thing.

Like it or not, this type of investor controls ~90% of the world’s fiat.

Nate 2y ago

So do you have a 401k? HSA? IRA? Do you cash those out with heavy penalties to add to your self-custody stack?

ETFs are better than nothing for fiat trapped in tax shelters.

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Discussion

Alan ₿ 2y ago

“Tax advantaged” retirement accounts are a scam.

They create a honeypot for the government to seize executive order 6102 style. And the fact that the government must know precisely how much you hold and where is terrible op-sec.

Agree that the Bitcoin ETF is better than most ETFs, but doesn’t compare to real BTC held in self custody. Not even close.

Nate 2y ago

My point is many people still have these tax sheltered items regardless if they are a scam.

So the options are cash them out for 50% penalty or get ETF exposure with them.