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.
So how can you take advantage of Bitcoin’s rise in the world economy? What is the best and easiest way to get exposure to cryptocurrency in your portfolio? Is there a Bitcoin ETF?
A person or persons using the pseudonym Satoshi Nakamoto released a whitepaper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” that described how Bitcoin would operate.
Imagine you invested $1,000 in Bitcoin at the beginning of 2012. Can you guess what it would be worth today? $10,000? $100,000?
Try $8 MILLION.
Is Bitcoin a Good Investment?
Those who champion Bitcoin (the Bitcoin Bulls) see it as the equivalent of gold for the modern world.
The Bull Case
You would then either keep it in an account with the exchange, which entails a not-insignificant risk of hacking and losing your Bitcoin.
How to Invest in Bitcoin
The introduction of a Bitcoin ETF would allow anyone with a brokerage account to invest in Bitcoin, which opens the doors to a much wider audience.
Increased Investor Adoption
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