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With the recent launch of new crypto exchange-traded funds (ETFs), it's never been easier to buy Bitcoin (CRYPTO: BTC) for your portfolio. That said, you might still have reservations about investing a large chunk of change ($10,000 or more) into what has historically been a very volatile asset. Image source: Getty Images.
Bitcoin (CRYPTO: BTC) has received a lot of attention lately, mainly due to the approval by the Securities and Exchange Commission and the subsequent launch by major asset managers of spot exchange-traded funds (ETFs). In the past five years, there aren't many assets that have outperformed Bitcoin's 1,210% gain (as of April 6).
Read the whitepaper and look at what the project promises to do. Some investors will recover some of their assets from now defunct platforms, but there are no guarantees. That way, your funds will not be at risk if the platform goes under. For example, Terra's LUNA was in the top 15 before it collapsed completely.
The original whitepaper that describes Bitcoin's technical function and long-term ambition compares the electricity and computing power of Bitcoin mining to digging physical gold out of the ground. The crypto giant remains a speculative asset, with the potential for both dramatic gains and significant downturns.
I don't think there's a whitepaper out there that the Fed is pointing to that says, no, 2% is the correct long-term rate of inflation. A bank is solving around a risk, and there's a large perceived risk in asset class change. Matthew Argersinger: I love that question. laughs] I'm serious. It's just a number.
.–( BUSINESS WIRE )– Rohirrim , the cutting-edge technology company specializing in domain-aware generative AI for the enterprise, today announced the successful completion of its $15 million Series A round of funding less than a year since emerging from stealth and deploying its Rohan platform.
The value of this digital asset isn't based on anything real, so the only way to make money with it is to find a buyer willing to pay a higher price. And even if you see significant value in Bitcoin assets, you could still argue that it's overpriced. This robust inflow of funds should be the start of a long-term trend.
That's a distinctly different tone than the reluctant reviews of digital assets under the Biden administration. The recent introduction of exchange-traded funds (ETFs) based on spot Bitcoin prices has made the crypto asset available to whole new types of investors. Image source: Getty Images. There's a downside to that equation.
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