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I'm considering converting about 1/3 of our retirement funds over to a BTC ETF with Fidelity.

In general, my thoughts are the money needs to stay within the IRA now, but I'd rather have it in a fund that tracks w/ BTC. Currently just about everything I own in retirement(403b) is in USD backed Mutual funds. (I have a BTC Roth IRA) but can only grow that by the limits allowed each year.

This will diversify my assets somewhat, which I see as a plus, and will tie more of my money to BTC.

What are your thoughts/opinions?

#BTCETF, #grownostr, #tspc, #tsp

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Discussion

Firby13 1y ago

Kind of a no brainer. IMO

NurseWang 1y ago

Ok, that's how I feel. Just wanted to double check. Seems too good to be true. Looking to be understand what I may be missing.

Flame of Anor 1y ago

If it has to be in fiat rather than a bitcoin IRA, for example, and if you have the option to move some into one of the ETFs, seems like a prudent choice.

If you have options, I would say you may want to think through which of the ETF issuers are the more ethical choices, or at least the best of the worst options. I, personally, want nothing whatsoever to do with Blackrock, for instance.

NurseWang 1y ago

I have a separate BTC Roth IRA. I max out each year. This would be moving assets from investments in dollars to investment dollars tied to BTC ( if I understand correctly)

Sea Beaver 1y ago

I just moved accounts to Fidelity for the same reason.

NurseWang 1y ago

Just moved my case this am when BTC was $68K, and just watched it plummet all day, lol. I'd be worried, but I first got into BTC when it was $55K, so I've done this ride before.