I've been feeling very conflicted recently on whether I should be putting my investment energy into Bitcoin or the Bitcoin ETF. Don't get me wrong I'm a Bitcoin Maxi and a month ago this would be a no brainer and I'd say just buy real Bitcoin and self custody. But honestly I've been listening to a lot of British HODL on X and he has been making a great case for the ETF. I have my stack of BTC and ideally I don't want to sell that, so maybe accumulating the ETF will allow me to use that and somehow leverage that in the fiat world so I don't have to cash out any of my BTC. Does this make sense or am I overthinking this and I should just shut up and stack sats?
Discussion
Where does the yield come from? What is the yield denominated in?
nostr:npub1nw5vdz8sj89y3h3tp7dunx8rhsm2qzfpf8ujq9m8mfvjsjth0uwqs9n2gn can you help explain?
He wants to start buying paper Bitcoin so he can "stack" debt (leverage) and with that, buy more paper Bitcoin or/and buy stuff, so he won't have to sell any of his real Bitcoin stack for that stuff. Saylorid.
Idk british hodl or his argument for the ETF, but I would say there is only one good reason to buy the BTC spot ETF.
That is if your funds are locked in a financial instrument that can be self directed, but not withdrawn or placed into a self custody IRA with unchained.
If that's not the case for you and you have the option to buy and hold the BTC yourself I don't see any benefit to the ETF.
I gotta figure a way to roll my 401k into the Bitcoin ETF. Not sure if that option is available yet...
If you have an 401K that is not managed by your employer (I had to leave the company that held my 401K before I could do this)
You can roll that 401K into a regular IRA and then open an account with unchained to buy self custody btc.
You can roll it into a roth as well, but there is a tax liability.... looking back it might have been wise for me to pay the tax and make it a roth.
Just to clarify I'm still stacking sats. My DCA plan is still intact for BTC, but I'm adding a new smaller ETF DCA plan. Just gives me pause putting firepower into something that isn't pure Bitcoin.
This is the post on X that British HODL made about the ETF for context: https://twitter.com/BritishHodl/status/1766922588972847177
Diversification can be good. I would be worried about a "financial collapse" scenario. Not your keys!
Don’t listen to British Hodl. He’s a bad person.
You can still choose the ETF if it suits you.
This is not investment advice.
Not sure I'd label him a bad person honestly. He preaches for people to get to one Bitcoin. He may be right or wrong on the ETF, but he has definitely made an impact on people getting their hands on more Bitcoin.
Dunno man, were you on Clubhouse in 2021?
Some people never change.
nostr:note1l3xhn8wsvdtrv23tsc5lpv8vwzmux0rz9k5pgqkp2ljph3nja7dsg05ukn