My job offered an IRA and when I talked to the financial advisor he was appaled that I was 99.9% in bitcoin. And when he told me I couldn't roll it into a bitcoin IRA I told him I was out.
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I had a simmilar experience with a pension I want to roll over, but the rules don't allow ETF's.
The financial advisor said I should use an aggressive fund that yields 12% and that's a good thing because bitcoin is down 15% or whatever.
I didn't even mention bitcoin. but I have bitcoin art on my wall. 🤣
I told him how much it was when I started stacking and he abruptly ended the video chat.🤣
It made me realize that a well diversified trad-fi investment is really just matching the increase in monetary Inflation. The entire "system" is about preserving present day spending power over the long term.
In that system, 12% keeps you from sinking with the Titanic, but it's no way to build generational wealth.
Bitcoin is a new system, a p2p electronic cash system that makes no sense in the old system. That's why it's so difficult to orange pill people in the old system. That's my two sats anyway.
The financial advisor said I should use an aggressive fund that yields 12% and that's a good thing because bitcoin is down 15% or whatever.
I didn't even mention bitcoin. but I have bitcoin art on my wall. 🤣
I told him how much it was when I started stacking and he abruptly ended the video chat.🤣
It made me realize that a well diversified trad-fi investment is really just matching the increase in monetary Inflation. The entire "system" is about preserving present day spending power over the long term.
In that system, 12% keeps you from sinking with the Titanic, but it's no way to build generational wealth.
Bitcoin is a new system, a p2p electronic cash system that makes no sense in the old system. That's why it's so difficult to orange pill people in the old system. That's my two sats anyway.
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