{"id":5440,"date":"2021-04-19T12:42:52","date_gmt":"2021-04-19T16:42:52","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5440"},"modified":"2021-04-19T12:42:52","modified_gmt":"2021-04-19T16:42:52","slug":"about-my-bitcoin-401k-opinion","status":"publish","type":"post","link":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5440","title":{"rendered":"About my Bitcoin 401(k) opinion"},"content":{"rendered":"\n<p>A few weeks back, I offered my two cents on Bitcoin (and other crypto-currency) and why I thought they would be lousy investments in a 401(k) plan.<\/p>\n\n\n\n<p>I own Bitcoin and other crypto investments. I buy and sell NBA Top Shot Non-Fungible tokens (NFTs). I\u2019m creating a business with some friends and offering NFT trading cards. Yet, they are a terrible investment to offer in 401(k) plans. I am a seasoned investor with a long-term buy and hold. But the typical investor in a 401(k) plan isn\u2019t seasoned, doesn\u2019t understands dollar-cost averaging, and will lock in losses when any investment goes down substantially. In addition,&nbsp; cryptocurrency lacks the regulations that mutual funds and stocks have.<\/p>\n\n\n\n<p>Cryptocurrency trading is very volatile and the last thing that any 401(k)plan sponsor needs are a participant that puts in all their money in crypto and panics when there is a sell-off. We can afford to be aggressive in our outside investments, we can\u2019t afford that aggressiveness in 401(k) plans.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>A few weeks back, I offered my two cents on Bitcoin (and other crypto-currency) and why I thought they would be lousy investments in a 401(k) plan. I own Bitcoin and other crypto investments. I buy and sell NBA Top &hellip; <a href=\"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5440\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5440"}],"collection":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5440"}],"version-history":[{"count":1,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5440\/revisions"}],"predecessor-version":[{"id":5441,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5440\/revisions\/5441"}],"wp:attachment":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5440"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}