epeakin
If you want to get exposure to BTC in your retirement accounts I would say GBTC is much more reasonable lately. The premium has been consistently sub 5% and even negative at times. In the past it was as high as 20-30%, which made it too damn expensive. There is a 2% management fee. Lyn Alden just did a great explanation of what the Grayscale bitcoin trust (GBTC) is on The *What Bitcoin Did* podcast from Feb. 25. If you go to [bitbo.io](https://bitbo.io) and scroll down a bit the premium is tracked. Right now it’s -2.25 % to the GBTC NAV.
Almost a no brainer for me at this price. I’ve bought some at $30, $37.93, $44.81, and now at $41.69 in the past month. It was trading at around an 8% discount against the price of its BTC holdings this morning. Add the fact that it’s in a Roth and today’s purchase was a steal. I do hope when bitcoin hits the parabolic phase that the premium jumps back up to a 20-30% premium like it was in December.
Bitcoin exposure at an 8% discount, no taxes on the profits, and the potential to sell at a 20% premium when the bull market resumes. It’s incredible.
Do you have to be an accredited investor if buying through an IRA?
GBTC is a gift right now great post!