Spot Bitcoin ETFs Are Approved by SEC, Cleared To Start Trading Thursday1/11/24
I agree Albalaha. Bitcoin will continue with its volatility (Though intrinsic value won't necessarily change in either direction). However, one can still make alot of money investing in bitcoin et al cryptos.
I purchased a very small stake in the Short Bitcoin (BITI) awhile back. I may try to purchase some of Blackrocks' Bitcoin ETF immediately after it opens just to be able to play it both ways(at least once or in the short term). This ETF market will be like the crack cocaine of investing.
IMO it will allow the very early and the very large Bitcoin owners to leverage the market at a fraction of the cost. Huge swings in the years ahead/ they will scalp the small investor.
*A really good read is the book : The Big Short by M. Lewis. This book depicts what happened in the 2008 market collapse in the USA. It sheds light on what the financial markets, hedge fund mgrs, banks, brokers,...etc can "legally" do and get away with it.
IMO this Bitcoin market will unravel in a similar fashion down the road. Be prepared my friends and wishing you all the best of luck.
The SEC has approved 11 bitcoin type ETFs today and will start trading tomorrow.
https://www.msn.com/en-us/money/other/spot-bitcoin-etfs-are-approved-by-sec-cleared-to-start-trading-thursday/ar-AA1mLSGT
I agree Albalaha. Bitcoin will continue with its volatility (Though intrinsic value won't necessarily change in either direction). However, one can still make alot of money investing in bitcoin et al cryptos.
I purchased a very small stake in the Short Bitcoin (BITI) awhile back. I may try to purchase some of Blackrocks' Bitcoin ETF immediately after it opens just to be able to play it both ways(at least once or in the short term). This ETF market will be like the crack cocaine of investing.
IMO it will allow the very early and the very large Bitcoin owners to leverage the market at a fraction of the cost. Huge swings in the years ahead/ they will scalp the small investor.
*A really good read is the book : The Big Short by M. Lewis. This book depicts what happened in the 2008 market collapse in the USA. It sheds light on what the financial markets, hedge fund mgrs, banks, brokers,...etc can "legally" do and get away with it.
IMO this Bitcoin market will unravel in a similar fashion down the road. Be prepared my friends and wishing you all the best of luck.
The SEC has approved 11 bitcoin type ETFs today and will start trading tomorrow.
https://www.msn.com/en-us/money/other/spot-bitcoin-etfs-are-approved-by-sec-cleared-to-start-trading-thursday/ar-AA1mLSGT