I have a 20 year horizon, I don't care about the volatility, if it crashes to zero I'm screwed either way. 

Aardvark

bitcoin

Rolled over 401k into bitcoin today.

Dude, rolling a 401k straight into Bitcoin is a bold move, but depending on your profile, it can make sense. The good part? You have full control over your money. No middlemen holding your funds, no traditional fund bureaucracy. If you were already set on buying BTC anyway, then cool, you're on the path you wanted.  

But there are some things to consider. First, Bitcoin is crazy volatile. Sure, you bought at $83,500 and were even willing to pay $100k, but what if it drops hard? Unlike a traditional 401k, which is diversified and has tax benefits, now you're all-in on BTC. If it skyrockets, awesome. If it crashes, well… brace yourself.  

As for fees, they’re not terrible. $250 per year isn’t outrageous, considering some platforms take a bigger percentage cut. And 1.5% per trade—well, not the worst, but also not free. If you're just planning to hold long-term, it’s not a big deal.  

Now, the KYC thing... there’s no way around it. If you wanted full anonymity, this wouldn’t be the best option. But since it was either this or paying a penalty on the 401k, there wasn’t much of a choice.  

Bottom line: if you were already set on Bitcoin and want full control over your keys, this setup makes sense. But it's not for everyone. People who prefer security and diversification might feel safer with a traditional 401k. In the end, it's all about choosing the level of risk you're comfortable with.  