RE: Out13 Jan 2021 17:00
Taking a profit is a good thing. However, Bitcoin in 2021 is a different beast than before. Retail didn't push it to $42,000, Institutions did, Paypal are adopting it on their payment platform for over 23,000,000 merchants to now be able to easily accept bitcoin. Paypal are buying bitcoin heavily in preparation. The network, not the asset, is far superior to any existing system for movements of money. There is a finite supply, it will only go up over time with a few dips which when looked at on a larger timescale will be small. You can not own Bitcoin in a SIPP or ISA and benefit from tax free gains, only via buying shares in companies who hold or mine bitcoin will you get exposure. If you need money now, trade it, sell it, all good. If you are investing for the future, buy as much as you can is my thoughts.