FBTC -> Bitcoin
Hey all,
I invested around $30,000 into FBTC, and it's up $6,000. I would like to convert this to actual bitcoin. I do all this via my brokerage, so in the same account I can sell the FBTC, and then use that account to fund bitcoin purchase. I dont know if it needs a day to settle or not.
It's a taxable brokerage account, so if I sell, it will cost me "highest tax bracket" of short term capital gains, so like $1600 or something. But this would let me own a true like 0.3 btc.
Would you do it, or leave it alone?
I feel like I'm falling for the koolaid, and that I should own the actual btc and not just FBTC.
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