Topic: Bitcoin in 401k? What could we expect? (Read 417 times)
Providers will most likely be ETF- Grayscale, etc unless the SEC pulls their head out of their asses and finally approves a spot ETF. This seems to be a forgone conclusion except for the fact the SEC has prevented its rightful inevitability on more than one occasion.
as far as I know, 401k is a retirement fund, but there is bitcoin in it. I don't this is a good choice, yes bitcoin might have something really good if we see the historical data but highly volatile is really bad unless they know to counter it and know what are they doing
As long as they're not about to retire and only include a "small portion" of the 20% max cap that Fidelity is offering for their 401(k) plans, it should be more than enough to counter most of the volatility issues that BTCitcoin has. 
as far as I know, 401k is a retirement fund, but there is bitcoin in it. I don't this is a good choice, yes bitcoin might have something really good if we see the historical data but highly volatile is really bad unless they know to counter it and know what are they doing
personne ne se blâme les uns les autres, surtout s'ils investissent donc à chacun ces choix
Anyone is concerned if there will be an issue when bitcoin is in our 401k?
From what I read, all the obstacles and risks of investing with 401k funds have been explained by @Gray and the advisor has said it also in the article.One interesting conclusion, as stated below.
Quote
"This is designed for longer-term investing, not for somebody who wants to make short-term trading in Bitcoin," says Gray.
Don't expect investors' money to be able to withdraw as they please, have a limit and timeframe, that's great and if they understand and are serious about investing in Bitcoin, must consider all the risks that will occur in the future, if they all agree to the investment plan and apply strong laws, how many years of investment, what percentage of the return and what if Bitcoin drops further than the initial price of their investment, I think it's ok, what is clear is that investment has risks, if they are ready to accept all the risks it doesn't matter.
the main thing is: No one blames each other, mostly if they invest organizationally and if they gain a lot they are praised and if they lose they are insulted, hope they understand the risks of investing in Bitcoin.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have.
What are you talking about? You have no idea. A 401k is the treatment given to what you have invested there, and if you choose your funds well, which doesn't cost much, you clearly beat inflation, at least my 401k has.
Why anyone would simply hold their fiat and wait for retirement is a mystery to me. 
Again, it's not about holding fiat, it's about investing, and there are investments that, without being Bitcoin, beat inflation and give good returns. 
I would rather put the money into Bitcoin. I believe that anyone with half a brain would do the same. Come work for me. We will call it a 10 BTC retirement plan. 
10 BTC seems not bad to me but I would diversify a little.
I don't know what you are talking about. As I understand it, with a 401K you have a limited choice of investments you can make? And there are also additional fees, especially if someone who holds the 401k account withdraws it too early? Or the holding fee? Does the company or government get to decide how you invest that money? How is that ok with freedom-loving Americans?
FYI: 401k Complete Guide. Investopedia
Also: "The average 401(k) plan now offers 25 investment choices..."
Source: How many 401(k) investment choices are too many?
This is a 2014 article but it serves to give you an idea.
401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have.
What are you talking about? You have no idea. A 401k is the treatment given to what you have invested there, and if you choose your funds well, which doesn't cost much, you clearly beat inflation, at least my 401k has.
Bitcoin to me is the best current investment...
I do agree with this.
Why anyone would simply hold their fiat and wait for retirement is a mystery to me.
Again, it's not about holding fiat, it's about investing, and there are investments that, without being Bitcoin, beat inflation and give good returns.
I don't know what you are talking about. As I understand it, with a 401K you have a limited choice of investments you can make? And there are also additional fees, especially if someone who holds the 401k account withdraws it too early? Or the holding fee? Does the company or government get to decide how you invest that money? How is that ok with freedom-loving Americans?
I would rather put the money into Bitcoin. I believe that anyone with half a brain would do the same. Come work for me. We will call it a 10 BTC retirement plan.
401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have.
What are you talking about? You have no idea. A 401k is the treatment given to what you have invested there, and if you choose your funds well, which doesn't cost much, you clearly beat inflation, at least my 401k has.
Bitcoin to me is the best current investment...
I do agree with this.
Why anyone would simply hold their fiat and wait for retirement is a mystery to me.
Again, it's not about holding fiat, it's about investing, and there are investments that, without being Bitcoin, beat inflation and give good returns.
This is what caught my attention in the article:
They warn retirees not to add cryptocurrencies to their retirement portfolios because they are highly volatile!!! While they are not talking about adding highly inflated paper money!!! In fact if you add paper money to your retirement purse I am sure you will end up with a pile of worthless old paper!!!
Quote
Investors close to retirement, and who will need to receive dividends sooner than younger workers, should be especially careful not to add volatility to their portfolios.
They warn retirees not to add cryptocurrencies to their retirement portfolios because they are highly volatile!!! While they are not talking about adding highly inflated paper money!!! In fact if you add paper money to your retirement purse I am sure you will end up with a pile of worthless old paper!!!
Anyone is concerned if there will be an issue when bitcoin is in our 401k?
I found this article is helpful to understand that correlation, so be careful!
Check it out:
https://sites.google.com/view/bitcoin401k/home
I found this article is helpful to understand that correlation, so be careful!
Check it out:
https://sites.google.com/view/bitcoin401k/home
401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have. Bitcoin to me is the best current investment but if you are one of those "don't put all your eggs into one basket" type of people, which would be smart because you divide the risk up, then I would still recommend finding different investments to put your fiat in.
Why anyone would simply hold their fiat and wait for retirement is a mystery to me.
Anyone is concerned if there will be an issue when bitcoin is in our 401k?
It depends on how close you are to retiring [as stated in the same article, the younger the better] and how much of your portfolio is based on it [IMO, the 20% max cap by Fidelity is a bit high at this point (they should consider reducing it to "at least" half of that)]. I couldn't find anything that mentioned if they'd be insured up to a certain amount or not, but if there's such a thing in place, it could significantly minimize the risks [in combination with the first two (being young and a low percentage)]! To read what your link says, you need to be logged into your Google profile. Not everyone on this forum has a Google account. Therefore, the information you want to share with forum users should be made public. That is, so that any user can have access to it.
Thanks for the note, it's public.
To read what your link says, you need to be logged into your Google profile. Not everyone on this forum has a Google account. Therefore, the information you want to share with forum users should be made public. That is, so that any user can have access to it.
Anyone is concerned if there will be an issue when bitcoin is in our 401k?
I found this article is helpful to understand that correlation, so be careful!
Check it out:
https://sites.google.com/view/bitcoin401k/home
I found this article is helpful to understand that correlation, so be careful!
Check it out:
https://sites.google.com/view/bitcoin401k/home
Jump to: