Have you heard about the Bitcoin ETF? Why does someone want a decentralized currency in the centralized system? It doesn’t make any sense!
What is the ETF?
It is a type of security to track indexes, commodities, or assets. It is short for Exchange Traded Funds.
Why choose an ETF?
It is a safe bet of the future that assumes the index will continue going up. You can buy fractions of the fund and continues earning when the funds go up.
Why Bitcoin ETF?
People may think Bitcoin is risky to own when it was very volatile in the past. However, the recent performance indicates that Bitcoin may be resilient to the opposite of what people thought in the past.
The danger of owning Bitcoin ETF
Dropping 50% is normal for Bitcoin but it may not be as usual as an ETF. You may never know what assets the ETF composite to and the fluctuations can be larger than you think it will perform.
You may lose money anyway
No one will guarantee if Bitcoin will continue rising in the future. You may rather lose money by directly owning Bitcoin than through an ETF.
Bitcoin works harder than ETF
Bitcoin is 24/7 and 365 days available while ETF is only available when the market opens.
Owning Bitcoin means
You own Bitcoin as owning a piece of technology. You buy an ETF only for its price.
Owning a Bitcoin ETF will lose an opportunity to learn the technology. What is the point of owning an ETF if you cannot experience that technology that Bitcoin can provide?
Photo by Paul Frenzel on Unsplash
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Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational