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.
🫡
Yeah I've received scoffs from so-called "financial advisors" suggesting that I'm being careless with my future.
M.F, if I DON'T do this I won't be ABLE to retire!
Some people can't see the forest for the trees.
Cant wait for all these so-called financial advisors to fade into irrelevance. Anyone that works in this field but can not see the value of Bitcoin is blind.
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.