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Reply to "I am moving $100k into BTCFX through my TSP Mutual Fund Window (MFW) AMA"
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[quote=Anonymous]Okay, sure. There are crypto fraud schemes. There are also fraud schemes wherever money is involved. Bitcoin has been resilient since its inception. It also has broader appeal and adoption now. I’m sure it’ll crash at some point again. I don’t think we’ve recovered from tariff induced pains at all or even seen a real reckoning yet. But bitcoin is a cult now and fk it, I’m in if it keeps going up perpetually through booms and busts. Also, BTCFX, the only Bitcoin related fund in the tsp window actually relies upon Bitcoin futures and is not self-custodying anything or reliant on coinbase. I wish we had FBTC available. Because that is Bitcoin held by fidelity and not coinbase, but whatever I’ll take what I can get. I’ll see how my dividends on BTCFX pay for the next 5 months, but I am guessing handsomely. I’ll consider moving funds back to C around October if this crash prediction based on historical cycles appears to have traction. [/quote]
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