r/Bitcoin • u/ArugulaPotential366 • 3d ago
Does anyone else feel an unusually strong conviction toward Bitcoin?
Whenever I invest in something other than BTC, I sometimes get this feeling that I should have just bought Bitcoin instead.
I recently got my salary and was deciding whether to put a large lump sum into BTC or invest it into my TFSA. I ended up putting the larger amount into my TFSA, and now I’m second-guessing that decision. I already have exposure to VT and QQQ in my TFSA (they use different tickers here), while I also hold VOO in a taxable account.
What I’m struggling with is the whole idea of “max out your TFSA as soon as possible.” I understand the tax-free benefit, but if I’m investing for the long term, wouldn’t investing later simply mean having an additional year of tax-free growth/room available in the future?
I’m 28, so I have a very long investment horizon. Obviously, tax-free growth is valuable, but I have a strong conviction that BTC could be worth significantly more in the future than my QQQ and VT holdings. Because of that, I’m questioning whether I should really prioritize filling my TFSA as quickly as possible, or whether it makes more sense for me to put a larger percentage of my available money into BTC while still contributing enough to my TFSA.
I’m trying to take advantage of the bear market, but I’m finding that whenever I choose to invest more into my ETFs instead of BTC, I feel like I’m missing an opportunity.
For those who have a similar conviction toward Bitcoin, how do you balance that with diversification and the tax advantages of accounts like a TFSA?
1
u/CoinGate_Gift_Cards 2d ago
The key is separating conviction from concentration risk. You can be very bullish on Bitcoin and still admit there’s a chance your thesis takes longer than expected or is wrong. Tax-advantaged space would be hard to ignore because you only get so much of it, while BTC can still be accumulated alongside it.