If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

[Anonymous]

Mid 50s with about $5m in total investments. $1m of that is Bitcoin and another $100K in other crypto, including Bitcoin miners, Coinbase, and Microstrategy. Original allocation was just 3%, but Bitcoin has done incredibly well and grown to 20%. I plan to let all of it ride for at least several more months, as there appear to be a ton of tailwinds. Will sell the non-BTC stuff at some point in 2025 and will likely sell 1/2 of BTC holdings based on long-term exit strategy.

[Anonymous]

30 with 1.5M and own 1 BTC worth 100k. High risk tolerance since I’m young

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think many people in dmv with high clearance are not allowed to buy/own crypto directly. Buying mstr & Tesla are the ways to buy crypto “legally”. My bad for not buying any after Trump got elected on nov with my fun money.

Can't they buy one of the many Bitcoin ETFs?

For example:
I am told that I can not buy bitcoin directly on coinbase or PayPal. It is ok to buy mstr, Tesla. I don’t know the logic!

It’s fine to buy registered securities because those transactions are traceable. Crypto is not. The only real value for direct ownership of crypto is money laundering, and it’s pretty obvious why they wouldn’t want people with a security clearance holding them.

Nobody cares if you have a clearance and own crypto.

[Anonymous]

Anonymous wrote:

Anonymous wrote:70+
Several million.
No. The wallet failures, thefts, and general hype are not appealing at this point.

Have you considered ETFs? (no wallet failure issue)

IBIT can indeed be a good idea, either as such or via options.

[Anonymous]

Anonymous wrote:Mid 50s with about $5m in total investments. $1m of that is Bitcoin and another $100K in other crypto, including Bitcoin miners, Coinbase, and Microstrategy. Original allocation was just 3%, but Bitcoin has done incredibly well and grown to 20%. I plan to let all of it ride for at least several more months, as there appear to be a ton of tailwinds. Will sell the non-BTC stuff at some point in 2025 and will likely sell 1/2 of BTC holdings based on long-term exit strategy.

I assume the usual long-term cap gains rates apply to those stocks. What about Bitcoin itself?

[Anonymous]

Mid 40's with 14.5M invested.
Invested in FBTC (ETF) with $150k in Jan 24, now its closer to 330k.

[Anonymous]

Anonymous wrote:I’m in my early 70’s and ultra high net worth. I have nothing in crypto as I’m too old or lazy to study it and then invest. I’m far more into estate planning and all its complications so speculative investments are just not in the cards. If there was an easy way to put $100k in with a reputable dealer I’d certainly consider it just for the fun of it.

The easiest way for traditional investors to gain exposure to bitcoin is through one of several bitcoin ETF funds. For example, Blackrock (IBIT) and Fidelity (FBTC) are the two largest bitcoin ETFs and you can buy/trade them in any major brokerage account. They're similar to the precious metal ETFs like SPDR.

The bitcoin ETFs were approved earlier in 2024 and have been the most successful ETFs in history, with for example Blackrock's IBIT hitting 50 Billion in investment in less than a year. Fidelity issued a whitepaper on bitcoin earlier this year (available here https://institutional.fidelity.com/advisors/insights/topics/investing-ideas/the-case-for-bitcoin).

[Anonymous]

The mining is terrible for the environment!

[Anonymous]

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

[Anonymous]

Anonymous wrote:The mining is terrible for the environment!

The mining uses less electricity than AI and all the stupid social media crap we waste compute cycles on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

What a stupid comparison. Batteries and windmills are cheap sources of electricity. They replace harm from fossil fuels so they are a net improvement— more batteries and windmills are good for the economy and environment.

Bitcoin replaces nothing except maybe gold and obscure stocks as vehicles for speculation so having more of them does nothing good for the economy or environment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

What a stupid comparison. Batteries and windmills are cheap sources of electricity. They replace harm from fossil fuels so they are a net improvement— more batteries and windmills are good for the economy and environment.

Bitcoin replaces nothing except maybe gold and obscure stocks as vehicles for speculation so having more of them does nothing good for the economy or environment.

There are a lot of counterarguments. Bitcoin miners have been developing interesting projects that allow them to use surplus electricity off peak. The traditional banking system also consumes a lot of energy. The energy invested in bitcoin is the cost of making the network secure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

What a stupid comparison. Batteries and windmills are cheap sources of electricity. They replace harm from fossil fuels so they are a net improvement— more batteries and windmills are good for the economy and environment.

Bitcoin replaces nothing except maybe gold and obscure stocks as vehicles for speculation so having more of them does nothing good for the economy or environment.

There are a lot of counterarguments. Bitcoin miners have been developing interesting projects that allow them to use surplus electricity off peak. The traditional banking system also consumes a lot of energy. The energy invested in bitcoin is the cost of making the network secure.

Just because people make up FUD/fig leaf arguments doesn’t mean we should buy them.

There are already plans to deploy batteries so there won’t be “surplus” energy and it’s just nonsense to compare the energy used by banks to the energy used by bitcoin mining. And again bitcoin is not serving a purpose so there’s no benefit to investing a lot of resources into making it secure (unless you are a speculator or criminal).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Mid 50s with about $5m in total investments. $1m of that is Bitcoin and another $100K in other crypto, including Bitcoin miners, Coinbase, and Microstrategy. Original allocation was just 3%, but Bitcoin has done incredibly well and grown to 20%. I plan to let all of it ride for at least several more months, as there appear to be a ton of tailwinds. Will sell the non-BTC stuff at some point in 2025 and will likely sell 1/2 of BTC holdings based on long-term exit strategy.

I assume the usual long-term cap gains rates apply to those stocks. What about Bitcoin itself?

Different poster here. Yes, the same cap gains rates apply. I have my crypto in Coinbase and they calculate your long term gain when you sell. They don’t report the gain to the IRS like a brokerage firm, but the gain is still taxable and I for one am not going to take any risks with the IRS.

As an aside, I wouldn’t be comfortable with as large of any investment in crypto as this poster. It’s awfully aggressive. But it’s their life not mine.

[Anonymous]

I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.