I agree, however I tend to look at these ETFs differently. I think of it as a way to purchase the asset within accounts where I can't access Bitcoin directly. Whether that be a 401k or Roth IRA what have you... I don't think of it as a replacement for actually buying Bitcoin when you have cash to purchase it directly.
Is there a better way to hold bitcoin in retirement funds? With all due respect to you, Fidelity, Blackrock and Coinbase are not FTX, and investment into those EFTs is not more risky than investing into MSFT or VOO.
I wasn't aware that they weren't holding their own keys for the backing of the ETF's other that than being news to me, I didn't disagree with anything you said. Over the past 7 years. I've collected as much bitcoin/crypto as I am willing to purchase with my liquid funds. I am, however investing in the ETF with money that I am contributing to a ROTH IRA. Even if it doesn't perform as well as holding physical bitcoin, I do believe it will well outperform the stock market and that I will see better gains over these first couple of years at the very least. Unlike my cold storage, I'll be more willing to exchange for assest I feel may dip less than Bitcoin during those times. I think it's a decent play with the ROTH personally. I can always sell back to buy the S&P like I had it beforehand. I'll get more conservative closer to retirement. Still got 25+years....
The ETF is just a way to onboard for beginners. It's fine . Not a step backwards because it is a step in institutions investing as well. That will also calm down the volatility. How else would we drive price up ? Bitcoin is for anyone to have purchase and hold . It's a store of value , not a replacement for the dollar. I would only stick with the ETFs that the provider actually has the coins though. Some of the other ones are questionable.
As always, if you know what you're doing it's alright. These ETFs are used in tax deferred/sheltered account to get exposure. 0.25% MER is dirt cheap too. Even in regular margin account, trading these ETFs is better than sending coin to exchange, trading and withdrawing back to hardware wallet.
Whoa, not even BlackRock owning any bitcoins? That indeed sounds scary. If in the future Coinbase is having almost all ETF bitcoins then that's one helluva centralization plus what prevents Coinbase from going FTX?
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
With a good open source hardware wallet the only person you have to trust is yourself. its important to understand the encryption methods used in bitcoin to protect yourself from bad actors. dont trust anyone except of yourself.
in germany you get tax benefits for holding your bitcoins by yourself. In fact, after 365 days of holding bitcoin your bitcoins are tax free (fist in first out). Everybody except of firms and Corps should hold their BTCs in their own wallets and should also run their own nodes.
They should make a Tulip’s ETF 💐 and only put the top 50 Tulips 🌷 in it. The pink and blue ones are the prettiest so that would help the ETF reach the biggest bubble ever
agree with you 100% but SEC won't approve the ETFs if they are not centrally managed (so they know who owns it). This is basically the same analogy you used at the end of the vid.
You forgot to mention the miners are the actual ones with the power over the development of bitcoin on the blockchain, regardless of what and institution decides.
I’m not buying these ETF so I don’t have a dog in the race but I will say there are positives as well as the negative aspects that you highlighted.. convenience,liquidity, SIPC to name a few.
The number of crypto coins generated is static to limit the number of valid keys within the total keys space(less chance for a random key generator to hit a valid key). Which means each bitcoin keys could be shared by multiple exchanges or etf. If you don’t own or manage the keys directly, what are you buying? It is a speculative investment that that has no physical assets. If you can’t convert the bitcoin assets back into dollars before the collapse, then you’re screwed.
Hi Colin, we have had spot BTC and ETH etfs up here in Canada for a while now. Ours actually hold the underlying asset in cold storage, however, yes a 1% MER to go with it. I used it lately to buy BTC when nobody wanted it and sold the day these ETFS were announced, reminds me of when Marijuana was legalized here in Canada, big sell the news event. Bottom line, great for traders bad for long term holders.
Bitcoin needs to find a use case, if countries like Argentina and Turkey, etc., with very high inflation, and wanting to avoid the US sanctions possible because they use $’s switch to bitcoin as currency, they can be free from that concern. Just thinking out loud here, yes the etf’s are inefficient, but the fees are lower.
Agreed. Fidelity is cold storage their BTC. And I would think when it drops in price, it wont be a surprise to them. They'll buy more. Also, by law you can only physically possess a small about of gold. That's the governments way of keeping us from dumping the worthless dollar. You basically have to own shares of something gold-ish to own very much of it.
Thanks for this post I thought it was just me thinking about the reason Bitcoin was made now you have the very people you didn't want controlling your money now controlling your money the irony of it all.
I found this video while searching...... Cause I noticed that today BTC is up, but ARKB is down. That means that these etfs don't give you exposure to BTC as if you own BTC, or it's not the type of exposure that you get on gold when you buy GLD, or the type of exposure that you get on the SP500 when you buy SPY. Am I wrong?
Umm this video didn’t age well. This video was pointless. If you’re Investing in the ETF you’re not investing in bitcoin, you’re investing in the bitcoin PRICE. It’s a separate investment.
@@TheInvestorChannel yes you said their going to run off with your crypto lol. Being the bitcoin ETF is buying a EFT not the actual bitcoin. So your not losing anything. Your not buying bitcoin. Its the same as buying ANY ETF. Its a ETF 😂 just like how their not running off with your stocks or gold ect. Your buying a ETF. So you’re confusing people.
This is a useless diatribe. Your doomsday story only holds true only if you put in the farm in the ETF and only if bitcoin crashes. If bitcoin goes to $200,000+ and only up, your story is moot. Just like all investments.
What's not to like? The ETFs will likely do more to popularize BTC, educate the masses, and increase demand for BTC than any event to date. Satoshi's vision depends on that and the ETFs in no way diminish it - quite the opposite. The ETFs are merely a proxy for BTC and in my opinion, the smart ones are accumulating BTC in their wallets right now with every dip
ETF’s are a sideshow. If people want to go that route, c’est la vie. No etf, person, corporation, or country can ever stop the fundamentals of Bitcoin. Buy Bitcoin, hold in your own wallet and wait. Bitcoin will continue to hold its value and grow as it halves every 4 years.
Well, feel how you wanna feel, I’m up big with IBIT. It’s up 42% ytd. at this moment. As long as crypto is running up I’m in these funds that mimic the stock. Buy more Bitcoin with profits once BTC falls like they all did at some point. From $64K to $18K I’ll happily buy more then.
i have made plenty of money in crypto alot more yhan i would an faster in stock's its called research if u actually take the time just like stocks u will be just fine its greed what gets everyone every time just like stocks!!!! An nobody asked u yo fill sorry for us 🤡
😂 halving is 3 months out. Most people that hold will be in the green. I’ve been holding since Silk Road in 2011. People have had your opinion since back then. That attitude keeps getting proven wrong over and over again.
ngl, i came inti this video thinking he was wrong in a way. but, hes all the way right. its soft land to make people feel safe, but its defeating the purpose. 🐬
![Run Away - Tzuyu(TWICE) ツウィ 쯔위 [Music Bank] | KBS WORLD TV 240906](http://i.ytimg.com/vi/KnHNNyAYiu0/mqdefault.jpg)
The Fidelity etf owns its own btc in cold storage, I’d trust that one before any of the others
I went with them. 45k worth
what percentage of your portfolio is that?
Me too. I don’t trust coin base or even some cold storage wallets. What if the wallet fails.
I agree, however I tend to look at these ETFs differently. I think of it as a way to purchase the asset within accounts where I can't access Bitcoin directly. Whether that be a 401k or Roth IRA what have you... I don't think of it as a replacement for actually buying Bitcoin when you have cash to purchase it directly.
exactly the tax advantage in a roth IRA is huge for bitcoin. That being said Ill never hodl with an ETF its more of a trading platform.
Exactly I think it’s great to add for investment portfolio where you cannot add a bitcoin
ETFs meant to be traded short term as well. Not buy & hold.
@@JonnyD-gl7cnofcourse not. Fidelity etf is good for long term.
@@evacaridadyep. Not everyone has money to go and buy a whole bitcoin lol.
If you are going to do it. Go with Fidelity. They own their own crypto. Unlike the others.
💯
Is there a better way to hold bitcoin in retirement funds?
With all due respect to you, Fidelity, Blackrock and Coinbase are not FTX, and investment into those EFTs is not more risky than investing into MSFT or VOO.
Since nobody has mentioned this but there is. You can just google itrust. There, you can open an account for both ira and roth.
I wasn't aware that they weren't holding their own keys for the backing of the ETF's other that than being news to me, I didn't disagree with anything you said. Over the past 7 years. I've collected as much bitcoin/crypto as I am willing to purchase with my liquid funds. I am, however investing in the ETF with money that I am contributing to a ROTH IRA. Even if it doesn't perform as well as holding physical bitcoin, I do believe it will well outperform the stock market and that I will see better gains over these first couple of years at the very least. Unlike my cold storage, I'll be more willing to exchange for assest I feel may dip less than Bitcoin during those times. I think it's a decent play with the ROTH personally. I can always sell back to buy the S&P like I had it beforehand. I'll get more conservative closer to retirement. Still got 25+years....
Use it to buy in retirement account if you wish and cold storage outside of that
The ETF is just a way to onboard for beginners. It's fine . Not a step backwards because it is a step in institutions investing as well. That will also calm down the volatility. How else would we drive price up ? Bitcoin is for anyone to have purchase and hold . It's a store of value , not a replacement for the dollar. I would only stick with the ETFs that the provider actually has the coins though. Some of the other ones are questionable.
The etf not controlling the keys is actually wild.
As always, if you know what you're doing it's alright. These ETFs are used in tax deferred/sheltered account to get exposure. 0.25% MER is dirt cheap too. Even in regular margin account, trading these ETFs is better than sending coin to exchange, trading and withdrawing back to hardware wallet.
Whoa, not even BlackRock owning any bitcoins? That indeed sounds scary. If in the future Coinbase is having almost all ETF bitcoins then that's one helluva centralization plus what prevents Coinbase from going FTX?
Please how do I go about it, am still a newbie in this investment trading and how can I profit ?
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Mrs Mary Gail Benner
Scam here
With a good open source hardware wallet the only person you have to trust is yourself. its important to understand the encryption methods used in bitcoin to protect yourself from bad actors. dont trust anyone except of yourself.
Thank you, Colin, for sharing this insight!! Super valuable!
I can’t find anywhere where it states GLD did 50% worse than physical gold?
Yeah same here. Can someone follow up with this?
Just the management fee of the fund allows for this.
in germany you get tax benefits for holding your bitcoins by yourself. In fact, after 365 days of holding bitcoin your bitcoins are tax free (fist in first out). Everybody except of firms and Corps should hold their BTCs in their own wallets and should also run their own nodes.
They should make a Tulip’s ETF 💐 and only put the top 50 Tulips 🌷 in it. The pink and blue ones are the prettiest so that would help the ETF reach the biggest bubble ever
Excellent update Colin. As a short term trader and not an investor it's all about liquidity getting in and out with minimal slippage.
agree with you 100% but SEC won't approve the ETFs if they are not centrally managed (so they know who owns it). This is basically the same analogy you used at the end of the vid.
You forgot to mention the miners are the actual ones with the power over the development of bitcoin on the blockchain, regardless of what and institution decides.
I’m not buying these ETF so I don’t have a dog in the race but I will say there are positives as well as the negative aspects that you highlighted.. convenience,liquidity, SIPC to name a few.
Your thoughts about bitcoin mining stocks?
The number of crypto coins generated is static to limit the number of valid keys within the total keys space(less chance for a random key generator to hit a valid key).
Which means each bitcoin keys could be shared by multiple exchanges or etf. If you don’t own or manage the keys directly, what are you buying?
It is a speculative investment that that has no physical assets.
If you can’t convert the bitcoin assets back into dollars before the collapse, then you’re screwed.
Can you sell calls on your cold storage bitcoin?
I've never understood crypto, so I stay away from it. From an outsider's perspective, it sounds like you make good points.
Hi Colin, we have had spot BTC and ETH etfs up here in Canada for a while now. Ours actually hold the underlying asset in cold storage, however, yes a 1% MER to go with it. I used it lately to buy BTC when nobody wanted it and sold the day these ETFS were announced, reminds me of when Marijuana was legalized here in Canada, big sell the news event. Bottom line, great for traders bad for long term holders.
Buy low sell high. If you bought High (like this) you should be ashamed of yourself. But these securities have their time like any other security.
Collin you help me so much. Your channel is a public service. Thank you
Bitcoin needs to find a use case, if countries like Argentina and Turkey, etc., with very high inflation, and wanting to avoid the US sanctions possible because they use $’s switch to bitcoin as currency, they can be free from that concern. Just thinking out loud here, yes the etf’s are inefficient, but the fees are lower.
Agreed. Fidelity is cold storage their BTC. And I would think when it drops in price, it wont be a surprise to them. They'll buy more. Also, by law you can only physically possess a small about of gold. That's the governments way of keeping us from dumping the worthless dollar. You basically have to own shares of something gold-ish to own very much of it.
Thanks for this post I thought it was just me thinking about the reason Bitcoin was made now you have the very people you didn't want controlling your money now controlling your money the irony of it all.
Love it! Great breakdown!
I completely agree with you
Your hot takes are 20% hotter this year
I found this video while searching...... Cause I noticed that today BTC is up, but ARKB is down. That means that these etfs don't give you exposure to BTC as if you own BTC, or it's not the type of exposure that you get on gold when you buy GLD, or the type of exposure that you get on the SP500 when you buy SPY. Am I wrong?
why wouldn’t people simply buy the real thing???
Nobody should ever feel 'ashamed' of themselves according to you or anyone else.
You’re right. It was kind of an inside joke statement that I threw in.
Totally agree. Buy spot.
Block Sailor Token is well supported by the public. Future events are exciting!
I agree 💯
Basically the prospectus said we the corporations win and you the people will lose. tha is on every contract.
The Canadian Bitcoin etfs just went through bitcoins downturn and they are still around
well said bro
they're labled as ETP ... not ETF
Gonzalez Brenda Hernandez Frank Taylor Laura
Umm this video didn’t age well. This video was pointless. If you’re Investing in the ETF you’re not investing in bitcoin, you’re investing in the bitcoin PRICE. It’s a separate investment.
What are you talking about?? Did you even watch the video?
@@TheInvestorChannel yes you said their going to run off with your crypto lol. Being the bitcoin ETF is buying a EFT not the actual bitcoin. So your not losing anything. Your not buying bitcoin. Its the same as buying ANY ETF. Its a ETF 😂 just like how their not running off with your stocks or gold ect. Your buying a ETF. So you’re confusing people.
Stay warm
This is a useless diatribe. Your doomsday story only holds true only if you put in the farm in the ETF and only if bitcoin crashes. If bitcoin goes to $200,000+ and only up, your story is moot. Just like all investments.
Give me a break it’s like any ETF. You don’t own it like all ETFs.
This is actually the opposite of what Satoshi wanted. I don't like this one bit.
What's not to like? The ETFs will likely do more to popularize BTC, educate the masses, and increase demand for BTC than any event to date. Satoshi's vision depends on that and the ETFs in no way diminish it - quite the opposite. The ETFs are merely a proxy for BTC and in my opinion, the smart ones are accumulating BTC in their wallets right now with every dip
" Exchange Traded Product "
If you want to put it in a Roth IRA it genius! Tax free when you cash out. You're paranoid 🤣
ETF’s are a sideshow. If people want to go that route, c’est la vie. No etf, person, corporation, or country can ever stop the fundamentals of Bitcoin. Buy Bitcoin, hold in your own wallet and wait. Bitcoin will continue to hold its value and grow as it halves every 4 years.
Well, feel how you wanna feel, I’m up big with IBIT. It’s up 42% ytd. at this moment. As long as crypto is running up I’m in these funds that mimic the stock. Buy more Bitcoin with profits once BTC falls like they all did at some point. From $64K to $18K I’ll happily buy more then.
Have a great week everyone 😊❤
I left crypto alone few years ago. Stock+real estate+fix income!!!
1st. Tysm for this video ❤u. The only honest investor on youtube
for Fidelity bitcoin etf, they are the custodian
Sick of all he clickbait headlines-mostly FUD. RUclipsrs desperate for viewers. Won't even open the ones with the panic faces.
and I don't feel sorry for anyone who "invest" in any crypto in any way
i have made plenty of money in crypto alot more yhan i would an faster in stock's its called research if u actually take the time just like stocks u will be just fine its greed what gets everyone every time just like stocks!!!! An nobody asked u yo fill sorry for us 🤡
😂 halving is 3 months out. Most people that hold will be in the green.
I’ve been holding since Silk Road in 2011. People have had your opinion since back then. That attitude keeps getting proven wrong over and over again.
I like dropping silk roads 😂
ngl, i came inti this video thinking he was wrong in a way. but, hes all the way right. its soft land to make people feel safe, but its defeating the purpose. 🐬
Block Sailor BLOCK, the first token that is controlled by itself instead of owners or anybody else, is the smartest token in the world.