I've been a real fiat maxi the last few days.
Because of the UK's convoluted tax system I've needed to put extra money into a pension.
Sold some Bitcoin, transferred the cash into a pension (and the government tops it up by 25%), and bought MSTR.
I don't feel good about buying MSTR because I don't fully understand Saylor's financial engineering, but it's literally the only way to get Bitcoin price exposure in a UK pension. We're not allowed to buy US ETFs, and even when we get our own in ~May it won't be accessible to retail like me for "investor protection". Instead I have to buy some levered stock run by a guy who thinks Bitcoin is real estate.
Theoretically this is a very tax efficient thing to do, and it also gives me more cash flow (due to UK childcare funding) to buy more real Bitcoin. But it hurts adding all these extra trust layers. Right now I can't access the pension till I'm 57, but that can go up and the government can change all the tax advantages. All I can do is 🤞
gunson / Gunson
npub1pn…t2xn0
2024-03-28 09:35:55
Author Public Key
npub1pn9xyqt934wesguuz5g77sp9vtlh6ujyd7eqr2x3s47rncmfe8aqxt2xn0Published at
2024-03-28 09:35:55Event JSON
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"pubkey": "0cca6201658d5d98239c1511ef402562ff7d72446fb201a8d1857c39e369c9fa",
"created_at": 1711618555,
"kind": 1,
"tags": [],
"content": "I've been a real fiat maxi the last few days.\n\nBecause of the UK's convoluted tax system I've needed to put extra money into a pension.\n\nSold some Bitcoin, transferred the cash into a pension (and the government tops it up by 25%), and bought MSTR.\n\nI don't feel good about buying MSTR because I don't fully understand Saylor's financial engineering, but it's literally the only way to get Bitcoin price exposure in a UK pension. We're not allowed to buy US ETFs, and even when we get our own in ~May it won't be accessible to retail like me for \"investor protection\". Instead I have to buy some levered stock run by a guy who thinks Bitcoin is real estate.\n\nTheoretically this is a very tax efficient thing to do, and it also gives me more cash flow (due to UK childcare funding) to buy more real Bitcoin. But it hurts adding all these extra trust layers. Right now I can't access the pension till I'm 57, but that can go up and the government can change all the tax advantages. All I can do is 🤞",
"sig": "5d92f1cb78ed2180d29ddd9f153f00f4c905672421eca33c0c5d1a1f3e1a1662b1b4f0611ceff16d9c23e2755a4199df884baf8401426b1076098b082fe1be95"
}