Investing 401K into BTC?

Investing 401K into BTC?

Millennial here. The rate of return of BTC compared to an investment retirement plan has proven to be insanely higher. I have accrued roughly $50K in my retirement portfolio. I am strongly considering pulling a percentage, or majority of these funds and buying BTC.

My family thinks I am insane to take this risk. Yet, they have no understanding or faith in crypto, but somehow are amazed that the value has grown over 200,000% since I have obtained.

I am educated of the risks, fees and taxes that come with the action of drawing from my 401K. I have full faith that rewards will outweigh the risks in short term.

I do have a financial advisor as well.

I’m looking for advice from fellow BTC holders. Would you or have you moved an employer based 401K to buy more BTC?

submitted by /u/Fit_Statement_7325 to r/Bitcoin
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Quelle: bitcoin-en