I am a male, 29 years old, with a wife (28) and two children (6 & 1).
I have a 401K set up through Workplace Charles Schwab and discovered they offer a PCRA (Personal Choice Retirement Account) where I can allocate a % of my 401K to this investment account (still inside the 401K umbrella).
I was primarily invested in the S&P 500 and recently transferred 100% of my balance into FBTC (Fidelity Wise Origin Bitcoin Fund). I allocate 10% of my paycheck (maxing my 401K each year) and another 5% of my paycheck straight into self-custody Bitcoin on my cold wallet Trezor.
My main goal with investing in Bitcoin is long term. Not trying to get rich quick.
What are your guys thoughts on my 401K being all-in on FBTC? I get scared of getting rug pulled by the banks and government/bank issues in the future (I live in the USA)
UPDATE: I have zero debt except my mortgage. I have 6 months of an emergency fund in a HYSA.
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