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How do I buy Bitcoin with my fidelity 401k money? Is this something possible? #personalfinance #investments #bitcoin #crypto #retirement
Only right way is if you are retired and have 401-K money to throw.
Check if your retirement account can buy GBTC. Otherwise transfer the funds to a brokerage that can.
This, but just a warning: GBTC has a variable premium baked in, so the correlation with Bitcoin’s price isn’t exactly 100%.
Yup agree. Recommend to check the premiums before buying: https://ycharts.com/companies/GBTC/discount_or_premium_to_nav.
Sure. You can pull a loan from it or eat the tax penalty. Should you? That's a different question.
GBTC
lol. I guess you don't understand the concept of 401k.
"Can I day trade with my 401k?"
Guess you don't understand things either. It's hilarious that you're trying to shame OP.