Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With Fincrew.my - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! - 22nd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Proshares Bitcoin BITO ETF Marks a Huge Milestone for Crypto Currencies

Currencies / cryptocurrency Oct 28, 2021 - 10:58 PM GMT

By: Stephen_McBride

Currencies After years in the making, it finally happened…

On October 15, the Securities and Exchange Commission (SEC) approved the first-ever bitcoin ETF.

On October 19, the ProShares Bitcoin Strategy ETF (BITO) debuted on the New York Stock Exchange.

This is a big, big milestone.



In short, this new ETF makes it easier than ever to access bitcoin (BTC)—through the stock market. It’s an opportunity for millions of investors who want exposure to bitcoin without having to open a dedicated crypto account.

Owning BITO isn’t quite the same as owning bitcoin directly. But it’s close. And it’s a lot better than the current options…

Until now, the closest thing to a bitcoin ETF was the extremely popular GBTC Greyscale Bitcoin Trust (GBTC).

GBTC only loosely tracked the actual price of bitcoin—and often diverged from it by 20% or more.

BITO should track the price of bitcoin much more closely. Now that the SEC has greenlit it as a crypto ETF, GBTC has announced it intends to convert to an ETF as well.
  • This is a great step forward for the growth of the crypto market…

I’m glad bitcoin has brought so much attention to cryptos.

But make no mistake. Bitcoin is just the tip of the iceberg in this opportunity.

What's going on underneath the surface is far more important.

And ultimately, it will be more profitable...

  • In short: A whole new “stock market” is forming in crypto…

Cryptos are a place where everyday investors with as little as $10 can invest in the world’s most disruptive young tech companies.

This has never existed before.

It’s an exciting new frontier for investors. And it’s the main reason why the popular narrative on cryptos is completely wrong…

Most folks think of cryptos as “currencies” that compete with the US dollar. They think people might someday keep their savings accounts in bitcoin, and pay for everyday things with bitcoin.

This is the least exciting aspect of cryptos.

  • The cryptos I’m most interested in represent true ownership stakes in real, disruptive, cash-generating businesses.

As I explained earlier this month, the technology behind bitcoin and all other cryptos is called “blockchain.”

Blockchain has essentially transformed what computers can do. I won’t bore you with the technical details. All you need to know is that today’s newest and most innovative companies are being built on the blockchain.

I’m talking real companies… making real money… using the blockchain to disrupt some of today’s most exciting industries.

You can invest in these companies by buying crypto “tokens” in them.

Which is just like buying shares in a company that trades on the stock market. Think of a token like equity or shares in the business.

  • Today, many of the most exciting, cutting-edge business ideas are happening on the blockchain: not in the stock market.

When asked about bitcoin late last year, legendary trader Paul Tudor Jones said the crypto was like “investing in a startup tech company.”

That’s important because all sorts of rules and barriers typically stop everyday investors from accessing early-stage opportunities.

For example, you have to be “accredited” to invest in most private companies. And you often need to invest a minimum of $50,000 or $100,000.

So the average guy is locked out.

Cryptos knock down those barriers. Unlike the stock market, cryptos aren’t dominated by Wall Street.

And you can buy tokens in many crypto startups for $10. Sometimes less.

  • For example, consider the startup called Helium.

This company sells hotspot routers you can install on your roof.

Their signal reaches about 200X further than a standard Wi-Fi connection. You can then “sell” internet to nearby folks through this Helium router. For doing that, you get rewarded with Helium tokens which you can exchange for real US dollars.

Helium’s making real money selling these routers today.

But Helium’s not listed on the stock market. You must buy its token, HNT, to participate in its rapid growth. Helium’s token has appreciated over 2,500% in the last year.

  • A question I often get is: “Can I buy Coinbase (COIN) stock to profit off the growth of crypto?”

Coinbase is the largest crypto brokerage in the US. It’s opening up this “new world” of cryptos to millions of people… in an easy-to-use app.

The short answer is “yes”—owning Coinbase is an easy way to profit off the growth of crypto.

But you should know what you’re buying in Coinbase.

You ARE buying a very large company that should do well as crypto continues to grow.

You’re NOT buying an early-stage crypto project that could return 100–1. You have to buy the specific early-stage tokens for that.

The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money"

Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here.

By Stephen McBride

http://www.riskhedge.com

© 2021 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in