@@DividendMike Since BITO is in futures, and not technically a fund of Bitcoin like the others.....then I did not include it. I hope that makes sense. I tried to keep it apples to apples for a comparison.
I have IBIT in my Trad IRA…the account isn’t big enough to have a future tax problem but I think I will also open a position in my Roth IRA as well figuring both will have IBIT long term anyway
I’m looking at bito what do you think about the ETF with reinvesting dividends? The dividend pay outs averaged about a dollar per share with 13 payouts a year.
Thank you for the good information. I bought into IBIT when it 1st went public. What are your thoughts on the grayscale trusts such as ETCG, Ltcn, and Bchg.
I think that's a personal choice on the other funds/trusts. The expense ratios are wildly high on those. I think it may be worth waiting until it goes public, similar to the Bitcoin version.
I feel pretty good about my 3 ETF's EZBC FBTC and ARKB which I plan to sell at some point... while I hodl my actual BTC for my grandkids. Thanks, good vid👍
Really appreciate this video. Did some research prior to this video and was leaning towards the Fidelity ETF and this video makes my decision even easier.
I'm researching coffee and chocolate, which happened to be two areas I used to manage in the corporate world. It may not be as cut and dry for investing. But I will be looking into it
Brian. New subscriber here. I just did my taxes and they asked if I owned any bitcoin. (When are they going to start asking if I own any gold?) Technically I don’t own Bitcoin directly, but I would own it indirectly if I buy a Bitcoin ETF, but that’s my understanding, not necessarily the IRS’s opinion. Question: if I buy (and OWN)a Bit coin ETF, can I still legally and honestly say “no” to that snoopy IRS question or do I have to answer “yes?” Same question if I SELL a Bitcoin ETF?
That is a great question. I rely on an accountant for tax guidance. I don't have the knowledge or experience to give you a good answer. I believe we will still need to report buying and selling of Bitcoin etf. But I would expect tax professionals and the software to help guide us next year, since the Bitcoin ETF is relatively new.
@@BusinessWithBrian As a CPA, I pray to god that the IRS and every govt around the world eliminates capital gains taxes on commodities in the future. The govt is the one who is printing so much money making it go up in the first place.. Also, the govt wants their cut of your appreciated assets even if they appreciated it. Easiest line in tax code is what is taxable income "all income derived from all sources is taxable unless otherwise excluded". Pray that appreciated bitcoin and bitcoin ETFs get excluded along with gold and land etc.
alooooooooooohaa!! hope all is well, just wondering im getting into selling covered calls, if possible could you do a video on best stocks to sell covered calls on a weekly basis with a price point below 50$ but still have some premium to make in them please follow up thank you for your time and consideration have a great day blessings keith
Aloha, as well Keith! I plan to make a larger video on covered calls and options tradings. I'll have to do a lot of research before I can start to give more consistent updates. I absolutely love your recommendation.
I currently hold my Bitcoin with coinbase and also with Robin Hood. I trust them as best I can. But to be honest I don't trust any one group to hold any of my investments. And that's why I'm using two entities
One more question: Are all these ETFs taxed as trusts? (Some ETFs like GLD or DBC are taxed in a more complicated way than SPY. For example, PDBC is billed as a version of DBC but with "no K1 partnership forms"). Do any of these Bitcoin ETFs avoid that "Trust taxation" headache? Would be helpful to know that - because I try to avoid Trusts outside of an IRA. Thanks!
Love your videos very easy to digest and I love your future looking investing style it aligns perfect with mine. The market is forward looking and potential alone drives prices up on futuristic equities. Great stuff.
What's your take on BITO which is a bit of a hybrid for Bitcoin? Its returns pretty much match IBIT since IBIT was started and it touts a nice dividend yield around 15%. The expense ratio is quite high at 0.95%, but with the ETFs goal to match the return of Bitcoin and with the extremely high yield, seems like a pretty good option in relation to Bitcoin ETFs. What do you think?
😂 shiiiiitake mushrooms were the best 🤣 informing to know Brian is only 5% on Bitcoins / Alternative investment...i wonder if Brian has a video about his portofilio composition?
okay, bitcoin has volatility, 5% max on alternative investments, holding until events happen, once concluded wouldn't be more profitable to sell all bitcoin and put any or all into a stable etf, then give me YOUR #1, thanks.
Why would a person sell all their Bitcoin and create a taxable event? I do not have the etf, because I have mine directly in the Bitcoin itself. And I'll continue to for the foreseeable future
This is a very real question (I know next to nothing about investing, stock & bonds, etc...) But why would I pay someone else to let me share a piece of BTC with a bunch of other people, compared to just buying my own BTC outright with coinbase?
The thing is they're completely new, I don't know if there's a right answer for that. That's why in the video, I stated I'm only willing to invest a small percentage in case I lose it all
Thanks for sharing your research on these ETF's. I still have a hard time thinking of BitCoin as an asset when, other than owning it and hoping it goes up, the banking system does not recognize BitCoin. Furthermore, BC is largely unregulated so corporations cannot put it on their balance sheets. Lastly, what can you buy with BitCoin?
I welcome your comment. But as I stated at the beginning of the video, my point is not to discuss the viability of bitcoin. My point is to provide the most facts I can about the available ETFs to invest in it.
You looked like a hero when you recommended SMH, QQQ, VOO, etc. earlier this year. Unfortunately, it looks like the fully loaded train is now running off the tracks at a time when the small investor is fully invested. SMH is DOWN 10% this week. I see a lot of tears ahead for bag holders. Very few if any own any commodities which is outperforming equities this year.
As part of my retirement plans and also owing to the very shaky housing market now, I just sold a property in Philly and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains in months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.
When etf buyers realize the potential of bitcoin, they will likely, very quickly, sell etf and buy bitcoin directly in no time. Nevertheless, i agree shitake is awesome
@@summerbreeze5115 No need for me to argue. Everyone has freedom to choose. Please don't underestimate yourself though. Nobody can be dummy forever, if they chose not to
@@summerbreeze5115 You buy gold and you have that real shiny rock to keep at your place with your own responsibility VS You buy gold but you decide to let somebody look after it for you instead, until you change your mind and you hope he still keep it all for you That guy can be trustworthy enough for many many centuries but never say never
Two main drawbacks of an etf. Trusting someone else to manage and hold the Bitcoin. The second is the fees. There should never be fees on single commodity ETFs (my opinion).
Well best would be to own both BTC itself and ETF, but the problem will come later when mining becomes so extremely expensive and transaction fees will be skyrocketing. Today to send 0.05BTC will cost you apprx. $50-$300 plus !!!!! So in 5-10 years you will be paying to move any amount of BTC Thousands of $ per transaction !! Let's say you hoarding BTC and want to sell in 10 years, good luck with that selling fee !!!! So at this point is better to have BTC ETF, you can sell anytime with no ridiculous miner's fees ! Both are risky assets anyways....
@@MB031 that’s not true at all. Fees are only high when the network is busy. I’ve never paid anything close to that to sen thousands of dollars of btc at a time
I appreciate your candor. The term Ponzi has legal meaning, and this does not fall within that definition. It is an investment, and it requires a person to have an LLC to run their own business on amazon. And all Investments carry risk. I am personally kicking the tires with it to see how it goes. So far, it has been a bit slow to get started. And I just started making sales on Amazon today. But time will tell. I do plan to provide updates in my newsletter so people know if it's is going well or not.
I don't give advice, I provide the facts in order for people to make the best decisions for themselves. And that's exactly what I did in this video is to provide the specific facts and details for people to research their options more. Sorry to see you go, but.......
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Hey Brian. I saw you forgot to add BITO into the list. It is the most popular one. 💯
@@DividendMike Since BITO is in futures, and not technically a fund of Bitcoin like the others.....then I did not include it. I hope that makes sense. I tried to keep it apples to apples for a comparison.
I hold IBIT in my Roth IRA and standard Bitcoin in my brokerage account
Very smart, and well done. I hope it treats you well
I have IBIT in my Trad IRA…the account isn’t big enough to have a future tax problem but I think I will also open a position in my Roth IRA as well figuring both will have IBIT long term anyway
Great research! Thank you, Sir.
So nice of you
Thanks! Always great videos!
So happy you found some value in it. Thanks so much for the comment
Brian Thanks for your great presentation
My pleasure!
Would you recommend fidelity btc
Thank you so much Brian for making videos on Bitcoin ETF. Great insightful knowledge
My pleasure!
How about Bitx? It gives dividend as well with performance
What is a good price to buy Ibit ?
I’m looking at bito what do you think about the ETF with reinvesting dividends? The dividend pay outs averaged about a dollar per share with 13 payouts a year.
Thank you for the good information. I bought into IBIT when it 1st went public. What are your thoughts on the grayscale trusts such as ETCG, Ltcn, and Bchg.
I think that's a personal choice on the other funds/trusts. The expense ratios are wildly high on those. I think it may be worth waiting until it goes public, similar to the Bitcoin version.
I feel pretty good about my 3 ETF's EZBC FBTC and ARKB which I plan to sell at some point... while I hodl my actual BTC for my grandkids. Thanks, good vid👍
Very nice!
Your grandkids will thank you from beyond the grave.
you're awesome just the facts
Thank you for your comment, I truly love when others appreciate my style and approach of sharing information.
is several cryptocurrencies?
Thank you
You're welcome
Really appreciate this video. Did some research prior to this video and was leaning towards the Fidelity ETF and this video makes my decision even easier.
Did you go with the Fidelity ETF then? I am still in Grayscale and thinking of switching. I was thinking Fidelity or IBIT.
@@mgarner008 Waiting for the price to drop a bit more before I pick some FBTC
@@mgarner008 I will eventually go with Fidelity but still waiting for the price to drop a bit more before I pull the trigger.
Very interesting video Brian. Thank you for the insight. Can you please next time cover on how to invest in coffee beans commodity.
I'm researching coffee and chocolate, which happened to be two areas I used to manage in the corporate world. It may not be as cut and dry for investing. But I will be looking into it
SO I have to ask you though- What is the reason BITO wasn't even mentioned or considered?
@@novelsandlattes bito is a bitcoin futures etf, not a pure bitcoin etf
Would one of these be good to put in a UGMA for grandchildren?
Yes to a point. As I said in the video I have a personal rule for myself that I only have up to 5% of my portfolio with Investments like this.
Great information thankyou!
Should we consider a buy into RIOT or similar stock?
CLEANSPARK is the new RIOT.
No BITO? That one has been great since picking it up last Sept in the 17$ range. My only sorrow is I only biught 500. Should have bought 5000!
I loved your bitcoin bit straight forward and no bull !!
It's how I roll. Thx
Brian. New subscriber here. I just did my taxes and they asked if I owned any bitcoin. (When are they going to start asking if I own any gold?) Technically I don’t own Bitcoin directly, but I would own it indirectly if I buy a Bitcoin ETF, but that’s my understanding, not necessarily the IRS’s opinion.
Question: if I buy (and OWN)a Bit coin ETF, can I still legally and honestly say “no” to that snoopy IRS question or do I have to answer “yes?”
Same question if I SELL a Bitcoin ETF?
That is a great question. I rely on an accountant for tax guidance. I don't have the knowledge or experience to give you a good answer. I believe we will still need to report buying and selling of Bitcoin etf. But I would expect tax professionals and the software to help guide us next year, since the Bitcoin ETF is relatively new.
@@BusinessWithBrian As a CPA, I pray to god that the IRS and every govt around the world eliminates capital gains taxes on commodities in the future. The govt is the one who is printing so much money making it go up in the first place.. Also, the govt wants their cut of your appreciated assets even if they appreciated it. Easiest line in tax code is what is taxable income "all income derived from all sources is taxable unless otherwise excluded". Pray that appreciated bitcoin and bitcoin ETFs get excluded along with gold and land etc.
alooooooooooohaa!!
hope all is well, just wondering im getting into selling covered calls, if possible could you do a video on best stocks to sell covered calls on a weekly basis with a price point below 50$ but still have some premium to make in them
please follow up
thank you for your time and consideration
have a great day
blessings
keith
Aloha, as well Keith! I plan to make a larger video on covered calls and options tradings. I'll have to do a lot of research before I can start to give more consistent updates. I absolutely love your recommendation.
Brian, if we buy and hold our own Bitcoin with Coinbase is it safe there or should we be holding it elsewhere after purchase?
I currently hold my Bitcoin with coinbase and also with Robin Hood. I trust them as best I can. But to be honest I don't trust any one group to hold any of my investments. And that's why I'm using two entities
@@BusinessWithBrian thank you for the reply Brian.
I recommend transferring your Bitcoins to cold storage wallet after purchase.
Take it cold storagr
I can’t find the list mate ?
Which are your top picks ?
Excellent video thanks
Thanks for the note. The linked spreadsheet is in the description.
Haha the shiitake mushroom 🍄🟫 part was hilarious 😂
I try :-)
One more question: Are all these ETFs taxed as trusts? (Some ETFs like GLD or DBC are taxed in a more complicated way than SPY. For example, PDBC is billed as a version of DBC but with "no K1 partnership forms"). Do any of these Bitcoin ETFs avoid that "Trust taxation" headache? Would be helpful to know that - because I try to avoid Trusts outside of an IRA. Thanks!
Great Video for beginner investor in whom might not be familiar with cryptocurrency! Thanks Brian!
My pleasure!
I bought FBTC but with a trailing stop loss of 25%. I'm new to this and not sure if 25% is right. Any suggestions besides "don't buy Bitcoin"?
That transition on Grayscale... 😂😅! 5:43
Love your videos very easy to digest and I love your future looking investing style it aligns perfect with mine. The market is forward looking and potential alone drives prices up on futuristic equities. Great stuff.
I appreciate that! Thank you so much for your comment
Excellent video! Very helpful. Concise and exactly what I needed.
Great to hear! Thank you.
Very insightful video! Thank you
Glad it was helpful!
so I should buy IBIT?
Please allow me to ask. When comparing ymax to cony, which one is more interesting? Please advise with reasons. Thank you
I just started the video so I
I am a newbie to the world of crypto. What you said makes good sense. Thanks for making this video.
Glad it was helpful!
Great Information thanks
Thanks for sharing !
Hmmm - you CAN buy BTC in an IRA? I'm ALL ears, please tell me more😊
I'm hoping to get the video out on how you can invest in Bitcoin and real estate with your IRA in the near future
ROTH IRA -> BitCoin ETF --- TO THE MOON!
Hello Sir Thanks How to invest in Bitcoin Spot Etf & Etheruem Etf??🙏🙏
What about CRYP and EBTC and EETH
Well.....as I mentioned, many new etf will come out after I launch the video. This was from a few months back. Things have changed.
How is BITB?
What about BTC at .15?
What's your take on BITO which is a bit of a hybrid for Bitcoin? Its returns pretty much match IBIT since IBIT was started and it touts a nice dividend yield around 15%. The expense ratio is quite high at 0.95%, but with the ETFs goal to match the return of Bitcoin and with the extremely high yield, seems like a pretty good option in relation to Bitcoin ETFs. What do you think?
I agree the dividends have been huge I couldn’t be happier with my position on Bito 💪.
BITO seeks to have decay. Down way more then other etf bitcoin. Why.
Excellent content
Much appreciated
😂 shiiiiitake mushrooms were the best 🤣 informing to know Brian is only 5% on Bitcoins / Alternative investment...i wonder if Brian has a video about his portofilio composition?
I'm in the process of making a video where I will be sharing my percentage breakout. It should be available next week or so
Sorry, 2 weeks out
I do appreciate your knowledge Brian!!! I will be watching you more.. thanks!
Thank you, I appreciate it. I hope I have future content that you enjoy.
okay, bitcoin has volatility, 5% max on alternative investments, holding until events happen, once concluded wouldn't be more profitable to sell all bitcoin and put any or all into a stable etf, then give me YOUR #1, thanks.
Why would a person sell all their Bitcoin and create a taxable event? I do not have the etf, because I have mine directly in the Bitcoin itself. And I'll continue to for the foreseeable future
GBTC maybe be a higher expense however it has outperformed the others.
Very informative video - and the no-strings spreadsheet is a great bonus. Thanks!
Glad you enjoyed it! I try to provide spreadsheets to most of my videos. No strings attached.
This is a very real question (I know next to nothing about investing, stock & bonds, etc...)
But why would I pay someone else to let me share a piece of BTC with a bunch of other people, compared to just buying my own BTC outright with coinbase?
You can't buy them directly with your Roth or 401K. The ETF is the only option for those accounts. Other than a SDIRA.
I have 4% of my capital in IBIT. Crazy how volatile it is but I'm not going above that allocation for the sake of my sanity.
Very smart. I'm not putting any more in either.
GBTC up 169% BITO up 133% IBIT up 123% YBTC up 75% so yes there is a difference between companies.
wonderful video, thanks a million
You are welcome!
I wana see a video about $KIKI FLAMINKI on base, wanna know more 'bout dis meme coin!
Grayscale Bitcoin Mini Trust ETF. 0.15% expense ratio
Are ETFs (IBIT, FBTC) good enough for long term 15-20yr?
Self Custody always gives me heart attacks.
The thing is they're completely new, I don't know if there's a right answer for that. That's why in the video, I stated I'm only willing to invest a small percentage in case I lose it all
Thanks for sharing your research on these ETF's. I still have a hard time thinking of BitCoin as an asset when, other than owning it and hoping it goes up, the banking system does not recognize BitCoin. Furthermore, BC is largely unregulated so corporations cannot put it on their balance sheets. Lastly, what can you buy with BitCoin?
I welcome your comment. But as I stated at the beginning of the video, my point is not to discuss the viability of bitcoin. My point is to provide the most facts I can about the available ETFs to invest in it.
@@BusinessWithBrian Understood.
Could the Bitcoin ETF price ever reach the thousands of dollars?
I would shit my pants
ETF*s?
You looked like a hero when you recommended SMH, QQQ, VOO, etc. earlier this year. Unfortunately, it looks like the fully loaded train is now running off the tracks at a time when the small investor is fully invested. SMH is DOWN 10% this week. I see a lot of tears ahead for bag holders. Very few if any own any commodities which is outperforming equities this year.
That's the beauty of the market, we all know it goes up and it goes down. But overall, it is net positive for the long term.
As part of my retirement plans and also owing to the very shaky housing market now, I just sold a property in Philly and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains in months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.
BITX
Hi, do you think investing in IBIT right now at 54usd is a good idea? Not sure how high an etf like this can go
These are not Australian ASX ETF
When etf buyers realize the potential of bitcoin, they will likely, very quickly, sell etf and buy bitcoin directly in no time. Nevertheless, i agree shitake is awesome
ETF is good enough for us dummies
@@summerbreeze5115 No need for me to argue. Everyone has freedom to choose. Please don't underestimate yourself though. Nobody can be dummy forever, if they chose not to
@@pnc1358
What are the biggest drawbacks of an ETFs?
I think they'll be around for 10-15yrs
@@summerbreeze5115 You buy gold and you have that real shiny rock to keep at your place with your own responsibility
VS
You buy gold but you decide to let somebody look after it for you instead, until you change your mind and you hope he still keep it all for you
That guy can be trustworthy enough for many many centuries but never say never
Two main drawbacks of an etf. Trusting someone else to manage and hold the Bitcoin. The second is the fees. There should never be fees on single commodity ETFs (my opinion).
Well best would be to own both BTC itself and ETF, but the problem will come later when mining becomes so extremely expensive and transaction fees will be skyrocketing. Today to send 0.05BTC will cost you apprx. $50-$300 plus !!!!! So in 5-10 years you will be paying to move any amount of BTC Thousands of $ per transaction !! Let's say you hoarding BTC and want to sell in 10 years, good luck with that selling fee !!!! So at this point is better to have BTC ETF, you can sell anytime with no ridiculous miner's fees ! Both are risky assets anyways....
@@MB031 that’s not true at all. Fees are only high when the network is busy. I’ve never paid anything close to that to sen thousands of dollars of btc at a time
@@Brian-zg9ff bro has no idea what he’s talking about 😭🤣
I used the same word, BS, when I heard her explanation of their price.😂😂😂
Come on man just throw an additional 5% in the ETFs lol
Vanguard does not allow you to purchase any Bitcoin ETF.
I TRUST CAPITAL
There are much cheaper options. I'll be providing a couple in a couple weeks that don't have any fees tied to transactions.
Bitcoin overflowth 10:16
GBTC doesnt even pay a Dividend!!
-3:45 like your content but sounds like Ponzi scheme
I appreciate your candor. The term Ponzi has legal meaning, and this does not fall within that definition. It is an investment, and it requires a person to have an LLC to run their own business on amazon. And all Investments carry risk. I am personally kicking the tires with it to see how it goes. So far, it has been a bit slow to get started. And I just started making sales on Amazon today. But time will tell. I do plan to provide updates in my newsletter so people know if it's is going well or not.
😂😂😂😂 Bull shitake mushrooms! Brilliant!
My dad humor never ends
Shitake mushrooms 🍄🤣🤣
The sponsor is a scam.
Useless
FactNinja.....making his silent mark. HiYa!
He just Talks way too much
Oh yes.....He does. Oh wait, it's a video presenting information. Shoot, I was hoping he would start fishing in the middle.
The moment you talked about Bitcoin. I decide not to subscribe your channel as you are not qualified to give financial suggestions.
lol old heads
I don't give advice, I provide the facts in order for people to make the best decisions for themselves. And that's exactly what I did in this video is to provide the specific facts and details for people to research their options more. Sorry to see you go, but.......
@@BusinessWithBriani like it. Subscribed.
You will most likely eat those words
What is that supposed to mean. You can’t keep thinking bitcoin is fake when the market cap is 1.2 trillion
Yo, $KIKI FLAMINKI on base is a solid investment, you should consider hopping on the hype train before it takes off! Great potential for big gains.