Do you believe that you will use your Bitcoin as an everyday transactional method of payment within the next ten years or will it continue to be a store of wealth?
I currently hold the keys to my Bitcoin in a cold storage wallet but have been giving some serious consideration to selling my Bitcoin (and yes pay the inevitable tax) and move the remaining amounts to an ETF in my TFSA and RRSP accounts.
If Bitcoin will continue to be a store of wealth then having this asset in an ETF will provide more security, ease of management and should I pass away it would allow my family ease of management in getting the assets.
For someone who has no interest in Crypto transferring coins to a trusted exchange to sell and transfer fiat back to a bank account is no easy task and mistakes could be costly.
From this perspective do you think it makes sense to do this?
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