Most people had never heard of Bitcoin in 2010, and even fewer would have considered it an investment-worthy asset. But a decade later, investing in Bitcoin is growing in popularity.
Investing in Bitcoin has become much easier over the past few years, but there are still a few hurdles to overcome if you have a traditional stock investing background.
Investing in Bitcoin has been compared to investing in “digital gold.” Setting aside the inflation-hedge claims of Bitcoin enthusiasts, comparing it to gold is a good analogy when considering the myriad ways to invest in Bitcoin.
This type of investment will not give you direct ownership of Bitcoin, but it will let you invest in innovative companies advancing the use of blockchain technologies.
An ETF is a specialized investment vehicle that tracks the performance of a particular asset without the investor having to own the actual asset itself.