Bitcoin Forum
May 10, 2024, 10:07:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin in my 401k?  (Read 94 times)
Captain Crypto Pants (OP)
Jr. Member
*
Offline Offline

Activity: 123
Merit: 2


View Profile
February 19, 2018, 05:17:31 AM
 #1

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.

Friends don't let friends buy XRP
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!