I Just Put Bitcoin (HODL) in My 401(k) – You May Be Able to too!

While there have been man posts about the BTC ETFs recently, I didn’t see one quite like this yet and I think it may be helpful to some people.

Now that Bitcoin ETFs are a thing, many people are wondering if/when they will be able to add them to their 401(k) accounts. For many, the answer may be TODAY! I have my 401(k) with Empower, which is one of the larger companies out there. Within my 401(k) account, I have the option to open a “Self Directed Brokerage Account” (SDBA) which lets me pick and choose which stocks, bonds, ETFs, and other investments I buy with my 401(k) funds.

It was a bit of a pain to navigate through the menus to find exactly what I needed to do, but it is just a matter of finding how it is set up for your interface. Once done, I transferred 20% of my 401(k) balance into my SDBA. I set the transfer up on Friday, and it settled into my SDBA this morning. So, this morning I went in and bought the HODL ETF and it went through immediately.

Who would have thought we would be able to have Bitcoin exposure in our 401(k)? I have been interested in BTC since about 2015, and a buyer since 2017. I’m excited about this!

Please note, I’m not suggesting this is better, or even as good as self-custody. I hodl BTC in my own hardware wallet as well. But, the employer match and tax benefits of a 401(k) cannot be ignored.

So, the point of this post…Log into your 401(k) and see if you can setup a self directed brokerage account too! Call your 401(k) provider and ask them for help if needed. Imagine the price of BTC if even 20% of people put even 1-5% of their retirement funds into a Bitcoin ETF!