Doubting about my plan

I bought a large lump sum of IBIT in a registered account because I wanted Bitcoin exposure with tax advantages. I now realize there are trade-offs: I don’t hold the underlying asset directly, there are management fees, and I ended up buying near a market peak.

With the subsequent drawdown, roughly 25%–30% of my portfolio is now exposed to Bitcoin through an ETF. This would likely drift closer to ~15%–20% in a deeper correction unless I continue adding.

To manage this, I started DCAing into ETFs in January (~$2k/month).

My original plan was:

1. Continue DCA until the next Bitcoin halving (expected ~April 2028) or until BTC returns to ~$100k

2. Hold through the post-halving cycle and potentially sell ~16–18 months after the halving (around late 2029) (reversed DCA)

3. After BTC reaches $100k, redirect new contributions ($2k/month) into diversified equity ETFs (e.g., S&P 500 or similar)

4. Buying back by DCAing the amount i sold during next bear market.

Now I’m questioning the structure of this approach.

Main concerns:

I’m using IBIT instead of holding Bitcoin directly

From a long-term risk-adjusted perspective, broad equity ETFs may be more efficient (which I already hold)

At this point, I’m unsure whether I should:

Stick to the current cycle-based allocation plan in ETF

Shift toward diversified ETFs instead

Or simplify everything into a long-term buy-and-hold approach across both assets without timing cycles...

My intent with this structure was to build a long-term strategy: DCA during bear phases, rotate contributions into equities during expansions, and potentially realize gains ~16–18 months after halvings, then take the lump sum to DCA again in the next bear + my savings until I maxed out my registrated account.

repeating the cycle over time until retirement...

Does it make sense or am I absolutely nuts? I got no one to talk about this. My friends think I'm nuts which I probably am.