Possibly. Just like real estate, Cryptocurrency/Bitcoin is considered property; therefore, if you take a solo 401k distribution you first have to qualify for it (see the following: https://www.mysolo401k.net/making-solo-401k-distributions/). If you do qualify, then with respect to cryptocurrency/bitcoin, your solo 401k would first have to own the bitcoin and you could then make an in-kind distribution of the bitcoin where the bitcoin would be assigned at fair market value (FMV) from the solo 401k to your personal name, and taxes would be due on the amount distributed.
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