Not meme coins or whatever else, just bitcoin. I'm curious what everyone thinks. I know it's been discussed before but it seems like we're seeing more adoption, laws..etc in favor recently so I thought I'd get a re-vote

Yay or Nay? And what % of retirement / investment portfolio?


I'm a Yay, at 2.5%

It's a whale game who's blockchain selling points diminish as technology advances


But if it pays for a bathroom remodel or a swimming pool who's to say it's a poor investment?

I'm only invested in IBIT. It's probably <1% of my overall portfolio.

IBIT only

confucius_ag said:

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IBIT only

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Same here. The emergence of ETFs was a major reason I got in. I figured the ease of an ETF in itself would create more buyers

Yay, currently at 1.5%.

Over 50% I think

I am in IBIT at 1.5% of portfolio and a same size chunk in MARA that I will dump if it ever gets up to $20.

I agree with others that I worry about how many entities with no or a shaky history in making money are buying it up like it's the most valuable resource on the planet. Seems like a system primed for crazy volatility in both directions and still very little of significant substance playing out in the practical use case of crypto. All that said, I might be willing to go up to 5% on IBIT over the next few months hoping to catch the elevator up to the next chop zone.

flashplayer said:

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I am in IBIT at 1.5% of portfolio and a same size chunk in MARA that I will dump if it ever gets up to $20.

I agree with others that I worry about how many entities with no or a shaky history in making money are buying it up like it's the most valuable resource on the planet. Seems like a system primed for crazy volatility in both directions and still very little of significant substance playing out in the practical use case of crypto. All that said, I might be willing to go up to 5% on IBIT over the next few months hoping to catch the elevator up to the next chop zone.

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Just remember the adage, "escalator up, elevator down".

Yeah I tend to think that way on stocks but BTC history says differently.

Yay, FBTC and coins in cold storage
About 6% of overall portfolio
Sell weekly covered calls on the FBTC position for additional premium

Less than one percent of my overall portfolio but about 26 percent of my HSA. I hold FBTC.

Kind of a tangent, but an honest question (I know this topic can be touchy)....

I think blockchain is amazing and definitely agree decentralized banking has many superpowers, but what are the reasons that BTC is the one?

This isn't necessarily trying to kick off the holy war of speculative vs intrinsic value, but it does seem like the primary reason for BTC over other crypto is that so many have chosen BTC.

My worry is if I pour a ton into BTC, and something happens that shifts favor to a different coin. Many times when I see people arguing for BTC, they're arguing in what seems like a more generic "crypto vs non-crypto" way vs BTC specifically.

Is it just that folks think BTC is far enough along that it can be considered past critical mass, or are there reasons I'm unaware of (100% possible or even likely) that give BTC a leg up beyond simple market share?

I just worry that if enough people "miss out" or if enough power players basically lean in another direction and it tips the trend that way, you can be right on crypto and wrong on coin which may leave you in the same place as those wrong on crypto.

Fun thread though - enjoy the info and look forward to learning more.

That's a very valid argument. Thanks!

wrong thread

I don't own bitcoin, and I avoid it because the IRS wants to know if you own cryptocurrency. It's none of their business. I think my fears of the IRS are overblown though.

Bitcoin and Cardano if decentralization is paramount. The US to follow.

Once upon a time I (and others) stated on this forum that FAs would eventually be allocating BTC to portfolios and people laughed. I (we) stated that it would be included in pensions and balance sheets, and people laughed.

https://bitcoinist.com/russia-bitcoin-bomb-while-the-us-debates/

ToddyHill said:

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I don't own bitcoin, and I avoid it because the IRS wants to know if you own cryptocurrency. It's none of their business. I think my fears of the IRS are overblown though.

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I understand your sentiment but I dont understand the logic, the government wants to know everything about your financial status, not just BTC.

This is why self custody / air gap is such a game changer. They may know you own BTC but in a scenario where one has taken the keys offline there is not much they can do about it.


debanking is scary, but it is unbelievably liberating

ToddyHill said:

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I don't own bitcoin, and I avoid it because the IRS wants to know if you own cryptocurrency. It's none of their business. I think my fears of the IRS are overblown though.

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The fear of your banking account being closed for any reason or no reason at all should supercede your fear of the IRS wanting to know about your digital asset holdings.

ToddyHill said:

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I don't own bitcoin, and I avoid it because the IRS wants to know if you own cryptocurrency. It's none of their business. I think my fears of the IRS are overblown though.

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Use the self managed account in your 401K to buy an ETF

At a minimum, treat it like any other stock you take a flyer on except this one has only ever gone up. I own BTC and Cardano. They are a very small % of our portfolio.

I use it like cash for offshore betting. None as investment

JDCAG (NOT Colin) said:

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Kind of a tangent, but an honest question (I know this topic can be touchy)....

I think blockchain is amazing and definitely agree decentralized banking has many superpowers, but what are the reasons that BTC is the one?

This isn't necessarily trying to kick off the holy war of speculative vs intrinsic value, but it does seem like the primary reason for BTC over other crypto is that so many have chosen BTC.

My worry is if I pour a ton into BTC, and something happens that shifts favor to a different coin. Many times when I see people arguing for BTC, they're arguing in what seems like a more generic "crypto vs non-crypto" way vs BTC specifically.

Is it just that folks think BTC is far enough along that it can be considered past critical mass, or are there reasons I'm unaware of (100% possible or even likely) that give BTC a leg up beyond simple market share?

I just worry that if enough people "miss out" or if enough power players basically lean in another direction and it tips the trend that way, you can be right on crypto and wrong on coin which may leave you in the same place as those wrong on crypto.

Fun thread though - enjoy the info and look forward to learning more.

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As I see it, blockchain is pointless unless the system it supports is decentralized. If it is centralized, just use a database and get a faster and more efficient solution.

Its Texas Aggies, dammit said:

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JDCAG (NOT Colin) said:

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Kind of a tangent, but an honest question (I know this topic can be touchy)....

I think blockchain is amazing and definitely agree decentralized banking has many superpowers, but what are the reasons that BTC is the one?

This isn't necessarily trying to kick off the holy war of speculative vs intrinsic value, but it does seem like the primary reason for BTC over other crypto is that so many have chosen BTC.

My worry is if I pour a ton into BTC, and something happens that shifts favor to a different coin. Many times when I see people arguing for BTC, they're arguing in what seems like a more generic "crypto vs non-crypto" way vs BTC specifically.

Is it just that folks think BTC is far enough along that it can be considered past critical mass, or are there reasons I'm unaware of (100% possible or even likely) that give BTC a leg up beyond simple market share?

I just worry that if enough people "miss out" or if enough power players basically lean in another direction and it tips the trend that way, you can be right on crypto and wrong on coin which may leave you in the same place as those wrong on crypto.

Fun thread though - enjoy the info and look forward to learning more.

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As I see it, blockchain is pointless unless the system it supports is decentralized. If it is centralized, just use a database and get a faster and more efficient solution.

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agree, if the blockchain is owned by a company or foundation, if there is no fixed supply and no proof of work then what are you actually buying? the answer is nothing that is not infinitely repeatable

Anyone buying this, 150 to 250K this year and 3 million long term?

Tom Lee has said bitcoin is going to $3,000,000 per coin pic.twitter.com/sW1qo6BbdJ

— unusual_whales (@unusual_whales) June 8, 2025

10 years? Maybe

Yukon Cornelius said:

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10 years? Maybe

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How about the 150 to 250K this year

There does seem to be a lot of adopters, countries, pensions, banks...etc. I keep waiting for price to reflect it but it keeps pausing

Idk. MAYBE a wick up. But I wouldn't expect it to hold at 250k for more than an hour.

There's already so much leverage behind btc. How much more will it take to more than double current price? Probably a ton.


And just a side thought. I'm seeing Coinbase Ads on my TV during the baseball games… not a good sign lol


I also think it's important for everyone to keep in mind BTC surges because of one thing and one thing only. Speculation. We are all speculating it'll be worth more later. However within that "later" Id many short term cycles. And within each of those cycles the speculation for higher prices fades. It's a drastically different proposition today than 12 months ago. It was far easier to speculate in 6-12 months prices will be higher. It's not as clear today the same will hold true. And thus the fulfilling pattern.

BTC is the best performing risk-on asset of all time and people are slowly figuring out it's actually a fantastic risk-off asset as well. I don't know the exact % of my portfolio that's in BTC, BTC ETFs, and BTC treasury companies but it's definitely higher than anyone so far. By a lot.