Wealthy Living

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.

Since it’s low in April 2020, Bitcoin is up almost 800% in less than 12 months!

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?

Bitcoin Basics

In 2008, 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.

Bitcoin was a novel concept in that it was an entirely digital peer-to-peer currency.

That means that it could facilitate payments between two people instantaneously without a third party (such as a bank) in the middle.

Is Bitcoin a Good Investment?

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.

By comparison, $1,000 in the S&P 500 would be worth around $3,000; in the Dow Jones Industrial Average, up to $2,500.

The Bull Case

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