Should You Buy Bitcoin with Retirement Money - Miyagi Mornings Episode-92

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Note I don’t mean should you see BTC or other crypto assets as part of your retirement. Rather should you use money already inside a retirement vehicle (like a SEP/IRA/401K) to buy BTC even with potential penalties for doing so. IE should you say sell off a IRA and pay the taxes and fees just to buy BTC? This came from a question on MeWe which was in short…

"I’m considering closing my small 401k from my last employer and dumping it in BTC. It’s only about 8k. My thought process is that the growth of BTC ( i am assuming ) will be much more than if I left it in the 401k especially considering that I’m currently not working somewhere that matches any deposits. I’d love to hear your thoughts on this matter as well as maybe redirecting other future savings options into crypto. Thanks."

This is way more complex than it at first appears. It is really multiple questions in one and I do my best to answer it as completely as possible today.

Note - If you want to ask a question for a future Episode of Miyagi Mornings the best thing to do is follow me on MeWe here and then see the sticky post at the top of my profile, post your question in the comments and it is pretty likely I will at some point cover it. http://mewe.com/i/jackspirko