Bitcoin ETF – How to Invest in Bitcoin and Other Cryptocurrencies
It’s been a dismal year for the economy. But one bright spot amidst the recession has been the explosion in the value of Bitcoin and other cryptocurrencies.
Bitcoin was initially conceived to take power away from banks and governments to artificially increase or decrease the supply of money and remove the need for a bank to be involved in transactions between individuals.
Is Bitcoin a Good Investment?
There is much opportunity in the cryptocurrency market. A single Bitcoin was trading at around $5 at the beginning of 2012.
The Bull Case
Those who champion Bitcoin (the Bitcoin Bulls) see it as the equivalent of gold for the modern world. While gold itself doesn’t have any inherent value, other than for some industrial uses, there is a limited supply.
There is certainly the risk that it could be regulated out of existence or at least modified such that it bears no resemblance to the Bitcoin of today.
The Bear Case
How to Invest in Bitcoin – Is There a Bitcoin ETF?
A Bitcoin ETF would make it much easier for the average person to invest in cryptocurrency and open the door to broader investors’ adoption.
SWIPE UP TO LEARN MORE
Benefits of a Bitcoin ETF
If you’re interested in cryptocurrencies and investing in a Bitcoin ETF, make sure you understand both the benefits and the risks of this new digital asset class.
for more finance, business, and real estate advice