Should I withdraw my pension fund and buy Bitcoin?
I've been in Bitcoin since 2013. Bought my first sats on mtgox. No, I haven't bought that many back then, even though it was so incredibly cheap, and I could have. I was into the tech and ignorant of economics. Now I've spent a few years down the rabbit hole. Deep. Down. The. Rabbit. Hole.
I won't disclose how much I have. It's not that much I guess, but for me it's about 35% of my net worth in Bitcoin. I'm 45 years old and earn in the top 2%.
I do have this pension fund, which I honestly believe I'll never get to enjoy. If I sell it, I pay a "penalty" of about 33% in taxes. And if I sell it I can enlarge my holdings by 40%.
Currently, I can retire comfortably if Bitcoin gets to $100k. If I liquidate the pension fund, I can retire when Bitcoin hits $60k (give or take).
Right now the only reasons I even keep paying into this Pension fund is because:
1. My country mandates it. I have to.
2. It's a hedge again Bitcoin. Essentially a hedge against me being wrong about everything and being an idiot.
Should I go all in?
This period in time feels like an inflection point. It's what I'll be telling my grandchildren about endlessly. Should I forego the safety net?
Real Vision CEO, Raoul Pal, breaks down the events leading to the recent tidal wave of interest in Central Bank Digital Currencies. He touches on the various crises that have encouraged the rampant pr...
Breez wallet makes some major announcements today with their first release candidate of the wallet into the wild. Bringing the dream of a fully non-custodial, user-friendly, super easy to use Lightnin...