Unless I misunderstand something, most of the bitcoin I own are in ETFs in my traditional brokerage accounts. I really like how I can add the exposure to Roth IRAs, solo 401(k), etc. Plus with all the estate planning work I’ve done including revocable trusts. It’s just so convenient and the cost of carry is like 15 bps. I can also do a pledged asset line on Schwab for a cost of 8% to 9% which is pretty damn competitive. Given all of that I find it hard to justify owning most of my bitcoin exposure natively in wallets.

Am I just too retarded to understand?

#bitcoin #btc