Timing is everything

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Remember when there was the beanie baby craze and people would open stores that only sold beanie babies? Same when everyone but my parents opened up a video rental store before Blockbuster killed them all. Timing is everything.

So when the largest 401(k) plan provider announces the plan to sell Bitcoin through the plans they administer as a participant-directed investment, it hurts when Bitcoin is more than 50% off its all-time high.

Timing is everything. Don’t expect much interest in crypto as long as the Department of Labor won’t change their tune and Bitcoin is struggling.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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