Replying to Avatar SatoshiGuy

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?
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Sourcenode 1y ago

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That is if your funds are locked in a financial instrument that can be self directed, but not withdrawn or placed into a self custody IRA with unchained.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.

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SatoshiGuy 1y ago

I gotta figure a way to roll my 401k into the Bitcoin ETF. Not sure if that option is available yet...

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Sourcenode 1y ago

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.