Investing in Bitcoin without buying Bitcoin?
Bitcoin Bull ( Saylor on X )
It’s been a year since the U.S. Securities and Exchange Commission (SEC) approved the launch of Bitcoin Exchange-Traded Funds (ETFs) on January 10, 2024. The move finally allowed several Bitcoin ETFs to begin trading the next day, offering investors another way to invest in Bitcoin without having to navigate the process of buying and storing the cryptocurrency.
I quickly learned that it really is pretty easy to buy and store Bitcoin when I finally took the plunge in early 2021. The barriers that had prevented me from doing so to that point, are likely the same as those shared by many others.
There’s the notion of a complex technical process to navigate. Instinct tells us that the crypto marketplace is filled with scam artists and spoof websites that are all out to rob us of our hard-earned money. Banks, governments, friends and family are quick to warn us that crypto is unregulated and that we stand a real chance of losing all we stake on this high-risk investment.
Each has an element of truth of course, but most have figured out by now that cryptocurrency is one of the few remaining speculative investments that offers the average person on…