128 sats \ 30 replies \ @grayruby 21h \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks
I own a small position in FLD in my retirement account.
Did you have access to a BTC ETF?
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Yes. We have had bitcoin ETFs in Canada for a few years now. I own the Canadian etf btcc and I own some of the Bitwise US etf (because they donate 10% of proceeds to developers).
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So far, I haven't wanted to sell any of my ETF shares for FLD or MSTR, but I'm actively considering it. I would definitely only take out a small position in either.
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MSTR is overvalued in my opinion. I don’t want to pay 250k for MSTR’s bitcoin. I get the argument they should trade at a premium because of the leverage and way they can exploit the debt markets but not 2.8x.
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I'm happy to wait for MSTR to dip. I'm also happy enough not owning any.
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I would rather own it in a bear market where everyone thinks they will get liquidated and have to sell all their bitcoin. Then you can sell it when the bull starts and people think it’s going to be the biggest company in the world.
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You both have a lot of faith in the 401k program and stocks.
I also have a 401k, but I dont know if it will really be worth anything by the time I take out of it, because every country is making fiat worthless.
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I have very little faith. I have retirement account that I had many years ago from a corporate job. I pulled it out of the stupid mutual fund manager they had it with and now self direct it but I can’t hold bitcoin in it. There is a tax advantage to me keeping it and if I withdraw it, I pay a huge tax penalty so it’s not worth it.
My real retirement account is Bitcoin.
I don't know if "faith" is the right word. I have a retirement account from a previous job and the Bitcoin ETF is the closest thing in it to Bitcoin. The ETFs only hold Bitcoin (or really, a third party holds it for them), so I don't know why fiat collapsing would wipe out any value.