Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Captain Crypto Pants on February 19, 2018, 05:17:31 AM



Title: Bitcoin in my 401k?
Post by: Captain Crypto Pants on February 19, 2018, 05:17:31 AM
Last summer I bought into a stock that was worth 0.092 of a BTC, ticker GBTC

It has always traded at a premium to the real price of BTC, but you also don't have to worry about losing private keys or security of your coins. But then again you also are not in full control.

When Bitcoin Cash and Bitcoin Gold were was forked a dividend was paid out to all shareholders. I would much rather have seen them keep the funds and grow the stock value.

Now they have done a 91 for 1 split, and are at about 1/2 of the all time high. Each share has approximately 0.00101 BTC.

It doesn't track exactly like BTC, and only trades weekdays on the stock exchange.

Anyway, it has been a great runner for me and is probably worth a look if you wanted to use tax deferred money to buy Bitcoin.