How to Invest in Bitcoin and Other Cryptocurrencies
But one bright spot amidst the recession has been the explosion in the value of Bitcoin.
It’s been a dismal year for the economy.
Read on for answers to all those questions and more.
So how can you take advantage of Bitcoin’s rise in the world economy? Is there a Bitcoin ETF?
Bitcoin was a novel concept in that it was an entirely digital peer-to-peer currency.
Imagine you invested $1,000 in Bitcoin at the beginning of 2012. Can you guess what it would be worth today?
Is Bitcoin a Good Investment?
Those who champion Bitcoin see it as the equivalent of gold for the modern world.
Try $8 MILLION.
Until recently, the only way to buy Bitcoin was through specialized exchanges such as Coinbase or Gemini.
How to Invest in Bitcoin
However, many experts see it as a question of when regulators would work out the kinks to offer a full-fledged Bitcoin ETF.
Unfortunately, Bitcoin still has not reached universal acceptance by Wall Street and its regulators.
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