I made one crypto purchase the week ETFs started trading in it on traditional markets (NASDAQ, DOW, etc.). I bought in on an ETF after liquidating my entire holdings in my 401k. I purchased thousands in that particular ETF and a week later sold when bitcoin peaked during 2018 (probably another peak since, but haven’t paid attention). I re-allocated all of that in the previous positions I liquidated, told my wife about it during tax season that year, she glared at me, and I promised not to do it again. Made a couple thousand bucks.
That was a one off trade and it worked out, but I wouldn’t do it again based on risk. However, i think there’s ample support now to allocate a certain amount of regular retirement investments in crypto just like any other allocation of currency market funds. 10%? 20%?
Going all in in crypto might net you a lot when it peaks again, but there’s significant risk. I’d diversify and offset that risk with index funds. Anyhoo… comics amirite!?