Wednesday, August 21, 2024

Buy more Bitcoin or start buying Bitcoin etf in a TFSA?

I already have some Bitcoin that I own and I wanted to start buying more via a DCA strategy as a small part of my portfolio (I’m mainly in VEQT).

I was gonna sell the btc and put it all into an etf like FBTC, but I realize selling the btc would trigger a tax event.

My options are basically:

  1. Keep buying actual Bitcoin and forget the etf

  2. Stop buying Bitcoin and buy the etf from today

  3. Sell the btc now, pay the taxes, and buy the etf (taxes would be lower now since I have less btc than I would have in 10 years or so)


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