You should do the math to see what you would pay to get your assets out of that 401k and into something crypto related. There are such plans that let you use crypto - perhaps even a way to transfer directly into it without withdrawing anything from your current 401k.I feel and agree with you. Unfortunately, I have cash stuck in retirement accounts that forces me to play the boomer (((stock))) market game. The upside however is there are now crypto ETFs that have been pumping. I'll throw cash into these and hope for the best.
Fun story, I poo poo'd bitcoin and was a proud no coiner for years. I read about Bitcoin in the spring of 2009 on Slashdot and came to the conclusion that it was an interesting solution in search of a problem. I found the anonymous nature of its developer off putting and is something I still don't trust.
I finally relented on my no-coiner ways when I discovered Nexo and its amazing deposit rates for stable coins and the like. This was when I discovered, "utility tokens" or coins used by crypto companies for various things.
If you notice, those utility tokens are all properly registered securities with the SEC something many other altcoins, bitcoin, and ethereum cannot claim. It's not hard to do this either but requires some sort of "management face".
To me, BTC is a proof of concept nothing more. It's taken on a life of its own and it's holding back the wider crypto field, especially NFTs . Crypto is still very very green and the regulatory environment is dangerously in flux.
However the Feds decide to regulate Crypto is going to cause all sorts of whiplashing in price action across the board (positively or negatively). For me, I'm most comfortable in utility coins that have a management team that has properly registered their securities. Nexo's token has done that and is netting me a nice 10% APY in a 3 month CD. That's good enough for me.
I am glad I never got too deep into 401k or IRAs, save for one small SEP IRA I still have with not much in it. For that, I aped into MSFT and a little into GBTC. Those two stocks are effectively another way to play BTC. I would stop short of going into miners like MARA and RIOT though - many other risks with them.
I wouldn't fear regulation too much, we all know it is coming and the big (((players))) already have enough lobbyists to ensure crypto ain't going away. Not exactly the "damn the man!" libertarian money some people thought it would be, but it is still a good place for returns.