Please report any fake Michael Saylor ads and scammy Ripple or Solana ads that are sometimes played before my video. Unfortunately I have no control over these ads, which may be served up to you by RUclips. Never ever send your Bitcoin to anyone and expect to get double the Bitcoin back. Please be smart.
We, at least I have been doing so for 2 months now - even directly reporting the user ads to no resolve as this site is culprit to by aiding and abetting victims to be scammed.
I have walked into stores, banks, car dealers, asked plumbers, dentists, all these people do you accept bitcoin or crypto and they all said no we do not. So therefore bitcoin is worth zero which is why Warren Buffett said it will go to zero. Are these facts?
BTC ETFs are really only a thing for Institutions and Corporation that can’t figure out how to store, and getting rid of any Conflict of Interest, like the principal agent conflict.
Nope. Here in 4:30 The uk I can wrap up the etf in my pension and the gov add another 20% tax relief. I’m 50 so I can access it in 5 years. I can trade in and out of cash and bitcoin tax free. It’s genius.
Paying someone a fee to take full control of my money seems like a repeat of the exact thing I'm trying to get away from by owning Bitcoin. It's a hard pass from me.
Yes but the ETF can protect you capital gains tax especially if it ends up Available in the U.K. then we can put 20k free from tax in an ISA and 40k in a personal pension. There are pros and cons and everyone’s circumstances are different.
@@Rhino11111111 I simply don't trust any third party after what I've seen and experienced this last decade. I'll gladly take debasement tax on the chin if it means some corrupt puppet politicians can't just decide one day that my money is no longer my money.
Great video Matt. Well done on growing your channel too. I wouldn't have bought any BTC back in 2019/2020 only for your channel. Fingers crossed we get a spot BTC ETF today 🙂
@@Halotest100 me to I got in with matts plea just before the previous halving Dollar cost all the way up and 69 and down to 20 every 5 K and now back to 45!
You can short, using futures..It will begin tomorrow.. Big players can short , in futures market, and is NOT bullish, despite etf approval....OPINIONS?@@Bitcoin_University
Right now the Spot ETF's are only allocating 1-3% toward Bitcoin. Later they might offer 4,5 or even 10%. So to me it doesn't make sense to invest in such a low allocation in Bitcoin. Get it from a reputable exchange.
Good Afternoon Matt, Whilst I personally agree with your ideological position, I can completly see why many people would rather buy the ETF. Certainly for people with limited money and here in the UK. We have ISA accounts which are tax free for profits when inside the wrapper. Whereas BTC sales of the physical attract Capital Gains Tax. Whilst I understand the ideological purity, the vast majority of people will need to access the money at some point in their lives. If you own the asset and keep funds on a wallet, any sale will attract Capital Gains Tax at potentially 20%. Whereas an ETF inside an ISA would be tax free. Do you have the same in the US? BTC on a cold wallet once an ETF is approved may become the domain of only people who are both ideologically purist, and will not need to convert the BTC back to fiat very often in their lives. Additionally, governments being governments, they may not be able to resist ratcheting ever upwards capital gains taxes and lowering any allowances, as they see their own system starting to fail. I appreciate there are ways and means to get around the system, but the reality is that average Joe and Jane do not want to break the 'Law'. Whatever that means. Any thoughts?
“These men are your daddy” 😆😂🤣 I about died when you said that….and your dry straight forward mater of fact way of saying it makes it even that much more hilarious.
I like holding it in both places. In a cold wallet and now bitcoin exposure in my 401k. There is a lot of fear in this video. There are plenty of reasons to worry about holding bitcoin on a cold wallet too.
Yeah, if you can self-custody you should. Still positive on the ETFs- for people that are more likely to fail to securely control their private keys (not to knock folks, but this is a lot of people) and for institutions or companies that can't manage self-custody and security.
After you have a nice stack of Bitcoin, might as well max out a roth IRA and invest in BTC ETFs and MSTR right? Seems like an easy way to save on taxes on Bitcoin gains..?
*the thing is that most people feel safer with an institutional ETF then trying to do any self custody* .. the same people who pay other people to trouble shoot their computer will not self custody.
I tried to close my 401k to invest 100% in btc but couldn't under plan rules unless I lost my job. Did use all the loans/withdrawals allowable and I've got a sufficient bit in self custody, so may invest in an etf that isn't using coinbase for custody, along with companies like microstrategy to get exposure with funds that I'm otherwise not able to move into the btc space. Great video as always, thank you!
I really appreciate your efforts! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
You have a lot to contribute to this space. Don't put yourself down. You don't need to be a software dev or math genius. Whatever you're good at is needed by the Bitcoin community
I'm going to start true DCA soon, as in buy $20 BTC every Sunday or some other similar plan. Really bothers me people keep misusing the term DCA. Like the people who "DCA every week", but really they just look at a list of 50+ altcoins and then just decide which 2 or 3 to "DCA" into that week. That's not a DCA. That's either buying the dip, or just going with your gut and more or less arbitrarily deciding where to put money. That isn't DCA.
@@Bitcoin_University Ok this may be a weird one, maybe? Let's say you have a BTC stash from peer to peer trades, is there anyway to tell if any of the amounts of BTC are KYC BTC?
I agree with nearly every point made. And yes everyone’s situation is unique. Let’s look at it with both eyes open though. Let’s say I’m a whole coiner and I’ve been stacking for some time and will continue to stack and self custody. I’m a true believer and with this I get all the intangibles that come with real Bitcoin. However, there’s only so much net income that I have coming in each paycheck. But I had been building up my regular 401K/IRA/HSA long before Bitcoin come about in 2008. If I want to take on risk and go for price appreciation alone then I can allocate some of those retirement funds to the ETF. I just think that it’s not always binary and you can take some type of balance to multiple strategies which offers you a lot of diversification from many standpoints.
Yes, that's true, but some people might still go the route of buying real BTC in their various retirement accounts if allowed: unchained.com/bitcoin-ira www.swanbitcoin.com/bitcoin-ira/
@@Bitcoin_University agreed. I may or may not have taken this path as well as there’s so many options such as Self Directed. I would reply that even those routes contains many added steps, and people want convenience. The ETFs will offer the path of least resistance for some. P.S. I’m a big fan of your work and have been a long time subscriber. I’m just a contrarian and love to play devils advocate even if it’s with myself. It’s important to have healthy skepticism of your own convictions. Thank you!
This is 100% me. I now control my own IRAs and have a multisig for HODL BTC. The ETF allows me to purchase an asset for my IRA vs other assets that don't protect against inflation long term. I understand I don't "own" that Bitcoin like spot holdings. But that isn't my goal with my IRA. And no, I don't 'trust' SWAN over Fidelity. Sorry. I just don't. No reason to tell me that I should hang a picture by my bed because they're my "Daddy." Thats just rude and crude Mathew...
@@Lucastos311 You clearly know what you're doing, so the jab wasn't intended for you. Remember that we're on YT where some entertainment and jokes are expected
Can you give your personal feeling on this watershed moment. Has Bitcoin been captured. Is it sold out. Is it more centralised Does it go against the original plan or does it form a further use , and greater intrinsic value. ? Thank you
i have a question, if someone can please explain... what does bitcoin etfs have to do with bitcoin, when you buy bitcoin etf you dont own a bitcoin itself, bitcoin is a crypto currency so how is bitcoin etf supposed to affect price of bitcoin... what exactly do you own when buying bitcoin etf, because its not bitcoin...
It seems there is so much missunderstanding about how these ETF's work. Does the ETF issuer buys spot bitcoin during the trading day/ after it/ before it starts? How does the ETF price corelate with the spot btc price?
This seems to me just like the old days of banks issuing more "gold" receipts than they actually have. If IBIT attracts 1 billion in capital, how much bitcoin will Blackrock actually buy? Will it be 10% - - 50%... If everyone bails how short will they be... Im trying to understand How the ETF market affects the price. Please... educate me..
I agree, there are a lot of options out there to invest in, and a Bitcoin ETF is better than a lot of those, but I will always be in the camp of "not your keys not your coins" it is very much worth putting in the time to learn how to safely hold your own money. Nobody will look out for you like you can.
Better to buy BTC. Buy it using Strike, River Financial, or Swan Bitcoin then withdraw it and hold it on a hardware wallet like the Blockstream Jade or Coldcard. The ETF is an inferior product
At the beginning of 2023, I put my Roth IRA all into GBTC, when discounts were below -10%. I am happy with the return over the past year. Eventually, I’ll draw down the Roth IRA, make the trades to get real BTC, and move to my cold wallet.
Is it sufficient for Bitcoin to fill the role of a value storage asset( in concept like gold that you buy and sell at an exchange, but don't spend at a restaurant), and leave the spending/buying action on a level 2 solution ( like lightning)? Especially considering the current transaction fees that you have been very kindly explaining.
Great video and gave me the answer I was expecting. In the UK, you cannot gain access to your pension funds early unless you pay severe penalties (around 50% but don’t quote me on that) so I will be getting my pension fund into an etf. I will still be DCA bitcoin every month that I hold in my own wallet with my own keys. I think this is the best way forward unless others have any better suggestions for the UK?
Great strategy!! 👌🏻 👍🏻 I just started investing into a few of the Bitcoin ETFs- IBIT, FBTC, ARKB, GBTC, and HODL so far. I also DCA buy every week with BTC and ETH. I plan on holding MOST of my BTC until retirement age. We’ll see what happens!! 🤞🏻
If Coinbase is wiped out, the BTC backing the ETF disappears and so the value of the ETF collapses. Broker does not have insurance that protects you from losing money on your investments inside your brokerage account
@@Bitcoin_University oh I see what you mean. But wouldn’t that impact cold storage holders too, if you’re saying what I think you are? In the sense that a hack would drive the price way down?
@@P__114 Yes, in the short term it would almost certainly drive down the fiat price of BTC. Medium to long term effect would be positive, especially if those Coinbase BTC were lost forever and thus removed from the supply
That’s the most cursory and overly critical view of gold I’ve seen outside of Warren Buffet, who also hates Bitcoin. You should embrace gold as Bitcoin’s older brother! (same family, same purpose, and same path)
Gold is useless as a global settlement layer in the digital age. It already failed us once and led to the fiat standard. Gold will continue to lose value against BTC. I've made more in-depth critiques here: www.youtube.com/@Bitcoin_University/search?query=gold
I’m only going to be buying it because of my 401k. I’ll still be buying actual bitcoin with my pay but I’ll take that contribution match in the etf if they are offering it
question 1 : some claim that if blackrock gains 51% of mining power, they could continuously censor some transactions in the previous block mined by the other 49%, making an actual censorship real : true or false? question 2 : some claim that in the future there could be a $500k blackrock bitcoin with on chain censorship, and a $5k "cypherpunk" original bitcoin fork : how likely?
I appreciate your videos very much, but in this instance you failed to fully and fairly explain the benefits of holding BTC ETFs on the one hand (e.g. convenience) and address the possible downsides of self custody on the other (e.g. losing keys).
Any suggestions for getting BTC exposure for my kids? Swan and Unchained do not offer a Custodial Roth IRA. Is buying the BTC ETF in their current Custodial Roth IRA my best option at this point in time? I’d love the tax free growth for them. Thanks for all you do.
If you are "happy" with your bitcoin accumulation so far (in other words: if stacking more Sats hardly changes your bitcoin position), and you have a tax-free investment account (like a TFSA in Canada), I think it's a good idea to load it up with shares of a bitcoin ETF. Best case, you can sell near the "top" of the bullrun without paying capital gains tax, hold the fiat until the next bear market and buy real BTC with it. Worst case, the bear market doesn't crash the price low enough for you to buy back in at a good price and you instead use the fiat to buy yourself a nice car or something.
You'll be able to buy it in any US brokerage/stock account (Schwab, Robinhood, etc) once it launches. Consider buying real BTC instead, as I discuss in this video
I have some BTC in cold storage, but the ETFs are necessary to give me exposure in my retirement accounts. They will also be better for my heirs when I die. I’d hate to die unexpectedly and none of my heirs can access my cold storage BTC because they can’t find my keys. I could write them down in my safe deposit box but that makes me nervous.
Hey Matthew. Ur the only guy I ask questions about btc because I trust u. I got a jade like u recommended. If I want to use my Jade airgapped, should I connect it to Nunchuk or blue wallet? I want to use mobile so sparrow isn’t an option. Which is the best option out of these 2? Green doesn’t support this yet so that isn’t a possibility also
@@Bitcoin_University thanks for replying. I’ve heard nunchuk is closed source for apple products. Is this true? That’s the reason I wasnt sure to avoid it or not, and instead go with blue wallet.
My employer contributes to my rrsp. I'm not sure what is being held in it, Probably bonds. But Ill have to look into it and see if I can use it to buy IBTC.
Seems to me most bitcoiners are not going to be attracted to the spot ETFs but they will nevertheless gain from the price appreciation that results from the new inflows of BTC that backs them. Not a bad thing at all for us.
I think ETFs make more sense for businesses and organizations because they make it much easier to deal with legal aspects such as taxes, liability, etc.
Michael Saylor and MicroStrategy have pioneered how corporations and other entities can easily hold and account for BTC itself as well. The new FASB accounting rules make this even easier now
As you know, investing in real estate lets you leverage and effectively short the USD in a way that is not mark-to-market. Real estate is a very effective investment vehicle to short USD
Yes, but not as effective once you factor in property taxes, annual insurance, maintenance, and selling fees of 6-7% once you count realtor commission, title, escrow, house inspection, sewer inspection, roof inspection, septic inspection, etc. Also real estate is much easier to confiscate. All it takes is some police tape around your house and you can no longer enter it without going to jail. Real estate is also not mobile, so if your country or neighborhood goes down the drain, you've got a problem.
On top of that, here in California the continue to pass new laws and city ordinances favoring tenant and publishing landlords to the point that is not worth to invest in rental properties. Too much risk little reward.
Please report any fake Michael Saylor ads and scammy Ripple or Solana ads that are sometimes played before my video. Unfortunately I have no control over these ads, which may be served up to you by RUclips. Never ever send your Bitcoin to anyone and expect to get double the Bitcoin back. Please be smart.
We, at least I have been doing so for 2 months now - even directly reporting the user ads to no resolve as this site is culprit to by aiding and abetting victims to be scammed.
Get youtube premium, ads dont exist
Using Brave browser I get zero adds.
I have walked into stores, banks, car dealers, asked plumbers, dentists, all these people do you accept bitcoin or crypto and they all said no we do not. So therefore bitcoin is worth zero which is why Warren Buffett said it will go to zero. Are these facts?
@StanDupp6371 there's a website called bitcoin map or something that tells you all the places that accept Bitcoin
BTC ETFs are really only a thing for Institutions and Corporation that can’t figure out how to store, and getting rid of any Conflict of Interest, like the principal agent conflict.
🤔
also small business cant commit to that expenses, so they probably better off going with the ETF @@njerseydavid
What about for people who have most of their money in retirement... i.e. 90% of people.
@@mkayultra3738well you better hurry and get it
Nope. Here in 4:30 The uk I can wrap up the etf in my pension and the gov add another 20% tax relief. I’m 50 so I can access it in 5 years. I can trade in and out of cash and bitcoin tax free. It’s genius.
Paying someone a fee to take full control of my money seems like a repeat of the exact thing I'm trying to get away from by owning Bitcoin. It's a hard pass from me.
Exactly mate
Yes but the ETF can protect you capital gains tax especially if it ends up Available in the U.K. then we can put 20k free from tax in an ISA and 40k in a personal pension.
There are pros and cons and everyone’s circumstances are different.
@@Rhino11111111 interesting, good points.
@@Rhino11111111 I simply don't trust any third party after what I've seen and experienced this last decade. I'll gladly take debasement tax on the chin if it means some corrupt puppet politicians can't just decide one day that my money is no longer my money.
I get that but vast majority of people either won’t know / don’t want to manage this own keys
Here we go everyone! 🎉 Whatever happens today, we win. BTC either rally’s or goes on sale.
Great video Matt. Well done on growing your channel too. I wouldn't have bought any BTC back in 2019/2020 only for your channel. Fingers crossed we get a spot BTC ETF today 🙂
Thank you!
@@Bitcoin_University Thank you Matt 🙂
@@Bitcoin_University What he said! This is the only channel I would ever recommend to anybody who is interested in learning about Bitcoin.
@@Halotest100 me to I got in with matts plea just before the previous halving Dollar cost all the way up and 69 and down to 20 every 5 K and now back to 45!
You can short, using futures..It will begin tomorrow.. Big players can short , in futures market, and is NOT bullish, despite etf approval....OPINIONS?@@Bitcoin_University
Great breakdown of real Bitcoin vs the ETF asset.
Right now the Spot ETF's are only allocating 1-3% toward Bitcoin. Later they might offer 4,5 or even 10%. So to me it doesn't make sense to invest in such a low allocation in Bitcoin. Get it from a reputable exchange.
Good Afternoon Matt,
Whilst I personally agree with your ideological position, I can completly see why many people would rather buy the ETF. Certainly for people with limited money and here in the UK.
We have ISA accounts which are tax free for profits when inside the wrapper. Whereas BTC sales of the physical attract Capital Gains Tax.
Whilst I understand the ideological purity, the vast majority of people will need to access the money at some point in their lives. If you own the asset and keep funds on a wallet, any sale will attract Capital Gains Tax at potentially 20%. Whereas an ETF inside an ISA would be tax free. Do you have the same in the US?
BTC on a cold wallet once an ETF is approved may become the domain of only people who are both ideologically purist, and will not need to convert the BTC back to fiat very often in their lives.
Additionally, governments being governments, they may not be able to resist ratcheting ever upwards capital gains taxes and lowering any allowances, as they see their own system starting to fail.
I appreciate there are ways and means to get around the system, but the reality is that average Joe and Jane do not want to break the 'Law'. Whatever that means.
Any thoughts?
Great comment
Best channel on RUclips
Thank you
real
Great video explaining the pros and cons of the ETF and why self storage is just the best option really IMO
“These men are your daddy”
😆😂🤣 I about died when you said that….and your dry straight forward mater of fact way of saying it makes it even that much more hilarious.
I like holding it in both places. In a cold wallet and now bitcoin exposure in my 401k. There is a lot of fear in this video. There are plenty of reasons to worry about holding bitcoin on a cold wallet too.
Yeah, if you can self-custody you should. Still positive on the ETFs- for people that are more likely to fail to securely control their private keys (not to knock folks, but this is a lot of people) and for institutions or companies that can't manage self-custody and security.
After you have a nice stack of Bitcoin, might as well max out a roth IRA and invest in BTC ETFs and MSTR right?
Seems like an easy way to save on taxes on Bitcoin gains..?
This video has inspired me to dive deeper into my crypto research!
*the thing is that most people feel safer with an institutional ETF then trying to do any self custody* .. the same people who pay other people to trouble shoot their computer will not self custody.
why hold a digital certificate of something valuable when you can just digitally hold something valuable?
I agree with you
I tried to close my 401k to invest 100% in btc but couldn't under plan rules unless I lost my job. Did use all the loans/withdrawals allowable and I've got a sufficient bit in self custody, so may invest in an etf that isn't using coinbase for custody, along with companies like microstrategy to get exposure with funds that I'm otherwise not able to move into the btc space. Great video as always, thank you!
My company allows me to move my funds so I might try it
Non custodial cold storage, Self Directed IRA, and now ETF. Hold it in all of them.
I really appreciate your efforts! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
commenting bc its the only thing im competent to contribute to the space. ty matt carry me
You have a lot to contribute to this space. Don't put yourself down. You don't need to be a software dev or math genius. Whatever you're good at is needed by the Bitcoin community
I'm going to start true DCA soon, as in buy $20 BTC every Sunday or some other similar plan. Really bothers me people keep misusing the term DCA. Like the people who "DCA every week", but really they just look at a list of 50+ altcoins and then just decide which 2 or 3 to "DCA" into that week. That's not a DCA. That's either buying the dip, or just going with your gut and more or less arbitrarily deciding where to put money. That isn't DCA.
Your vids are a great way to start my day!
Thanks a lot.
Thanks for your support. What topic/question should I cover next?
@@Bitcoin_University
Ok this may be a weird one, maybe?
Let's say you have a BTC stash from peer to peer trades, is there anyway to tell if any of the amounts of BTC are KYC BTC?
4:40 2008? How about last year when they bailed out Silicon Valley Bank, way past FDIC limits? It's a big club, and you ain't in it!
I'm sorta worried they will do some kind of 6102 with this etf
Yes, it's probably coming, but not for another 5-10 years. So let's enjoy the ride for now
Would a ETF become more important to plebs that DCA if/when transactions fees become so high that our small UTXO’s become unusable?
I agree with nearly every point made. And yes everyone’s situation is unique. Let’s look at it with both eyes open though. Let’s say I’m a whole coiner and I’ve been stacking for some time and will continue to stack and self custody. I’m a true believer and with this I get all the intangibles that come with real Bitcoin.
However, there’s only so much net income that I have coming in each paycheck. But I had been building up my regular 401K/IRA/HSA long before Bitcoin come about in 2008. If I want to take on risk and go for price appreciation alone then I can allocate some of those retirement funds to the ETF. I just think that it’s not always binary and you can take some type of balance to multiple strategies which offers you a lot of diversification from many standpoints.
Yes, that's true, but some people might still go the route of buying real BTC in their various retirement accounts if allowed:
unchained.com/bitcoin-ira
www.swanbitcoin.com/bitcoin-ira/
@@Bitcoin_University agreed. I may or may not have taken this path as well as there’s so many options such as Self Directed. I would reply that even those routes contains many added steps, and people want convenience. The ETFs will offer the path of least resistance for some.
P.S. I’m a big fan of your work and have been a long time subscriber. I’m just a contrarian and love to play devils advocate even if it’s with myself. It’s important to have healthy skepticism of your own convictions. Thank you!
This is 100% me. I now control my own IRAs and have a multisig for HODL BTC. The ETF allows me to purchase an asset for my IRA vs other assets that don't protect against inflation long term. I understand I don't "own" that Bitcoin like spot holdings. But that isn't my goal with my IRA. And no, I don't 'trust' SWAN over Fidelity. Sorry. I just don't. No reason to tell me that I should hang a picture by my bed because they're my "Daddy." Thats just rude and crude Mathew...
@@Lucastos311 You clearly know what you're doing, so the jab wasn't intended for you. Remember that we're on YT where some entertainment and jokes are expected
I think ETF is ideal for people who want exposure in their retirement accounts.
Your channel is spot on. Stay that way.
I am having issue understanding the fees of BTC ETFs . Do they charge the percentage they say per year or only spreads when I buy or sell ?
Waking up to Gensler on my wall is a terrifying thought. Thanks for the nightmares, Matt.
Can you give your personal feeling on this watershed moment.
Has Bitcoin been captured.
Is it sold out.
Is it more centralised
Does it go against the original plan or does it form a further use , and greater intrinsic value. ?
Thank you
Who is the custodian for Cathy Woods ARKB? Is Gemini a solid platform? Thx
i have a question, if someone can please explain... what does bitcoin etfs have to do with bitcoin, when you buy bitcoin etf you dont own a bitcoin itself, bitcoin is a crypto currency so how is bitcoin etf supposed to affect price of bitcoin... what exactly do you own when buying bitcoin etf, because its not bitcoin...
Hi, can you comment on BTC Bonds from Salvador?
Where can we buy the bitcoin ETF ?
the issue is, in my country btc is subject to almost 40% tax, contrary etf - after 1 year of holding is tax free..
You can't ignore the the big tax benefits to the ETFs though. In the UK there is no way to hold BTC in a tax free wrapper, unlike an ETF.
Yes, I agree. Though in the US, you can hold real BTC in an IRA
How? Swan?
@@Bitcoin_University
It seems there is so much missunderstanding about how these ETF's work.
Does the ETF issuer buys spot bitcoin during the trading day/ after it/ before it starts?
How does the ETF price corelate with the spot btc price?
This seems to me just like the old days of banks issuing more "gold" receipts than they actually have. If IBIT attracts 1 billion in capital, how much bitcoin will Blackrock actually buy? Will it be 10% - - 50%... If everyone bails how short will they be... Im trying to understand How the ETF market affects the price. Please... educate me..
the cool thing about unchained is that you control 2 of 3 multisig keys
Yes, so they can never rug you and you can be sure that the BTC has not been rehypothecated or moved
Q1: Can Bitcoin protocol run out of addresses? Q2: Please review some L2 on BTC network such as tectum (related to Q1)
What if you get hacked?
I agree, there are a lot of options out there to invest in, and a Bitcoin ETF is better than a lot of those, but I will always be in the camp of "not your keys not your coins" it is very much worth putting in the time to learn how to safely hold your own money. Nobody will look out for you like you can.
Hello, than you for the Swan reference. This is what I have been looking for.
Some of the daddies seem even not able to secure their own social media accounts😂😂😂😊
so its better to buy btc or btc etf🤔
Better to buy BTC. Buy it using Strike, River Financial, or Swan Bitcoin then withdraw it and hold it on a hardware wallet like the Blockstream Jade or Coldcard. The ETF is an inferior product
@@Bitcoin_University if so why all this hype，thx for the reply
At the beginning of 2023, I put my Roth IRA all into GBTC, when discounts were below -10%. I am happy with the return over the past year. Eventually, I’ll draw down the Roth IRA, make the trades to get real BTC, and move to my cold wallet.
As a holder of actual Bitcoin, I think all normies should buy into Bitcoin ETFs. It's great for my investment.
Is it sufficient for Bitcoin to fill the role of a value storage asset( in concept like gold that you buy and sell at an exchange, but don't spend at a restaurant), and leave the spending/buying action on a level 2 solution ( like lightning)?
Especially considering the current transaction fees that you have been very kindly explaining.
👍 that's my plan.
Do an update on BTC loans pls
Another brilliant video Matt! Thank you
Thanks Matt! Today is a BIG day
great video! 👍
I have a Bitcoin ETF in my Roth. Just think, its tax free. I can't wait for the ETH ETFs
Is Robinhood good for Bitcoin Holding?
No, definitely not. Try Swan Bitcoin, River Financial, or Strike app. Robinhood has hurt their customers many times, and is not to be trusted
Great video and gave me the answer I was expecting.
In the UK, you cannot gain access to your pension funds early unless you pay severe penalties (around 50% but don’t quote me on that) so I will be getting my pension fund into an etf.
I will still be DCA bitcoin every month that I hold in my own wallet with my own keys.
I think this is the best way forward unless others have any better suggestions for the UK?
Great strategy!! 👌🏻 👍🏻 I just started investing into a few of the Bitcoin ETFs- IBIT, FBTC, ARKB, GBTC, and HODL so far. I also DCA buy every week with BTC and ETH. I plan on holding MOST of my BTC until retirement age. We’ll see what happens!! 🤞🏻
Thank you Matt for all you do!
Doesn’t the broker have insurance though? Even if Coinbase was wiped out?
If Coinbase is wiped out, the BTC backing the ETF disappears and so the value of the ETF collapses. Broker does not have insurance that protects you from losing money on your investments inside your brokerage account
@@Bitcoin_University oh I see what you mean. But wouldn’t that impact cold storage holders too, if you’re saying what I think you are? In the sense that a hack would drive the price way down?
@@P__114 Yes, in the short term it would almost certainly drive down the fiat price of BTC. Medium to long term effect would be positive, especially if those Coinbase BTC were lost forever and thus removed from the supply
Why buy the Etf ?( you don't own bitcoin) vs you just buy the actual bitcoin ( you own the coin )?
Thanks! Always on Point 100%
Cold storage is a bitch. Ask anyone who invested in a Ledger and now must redo their whole opsec
Hi Mathew How can I buy Bitcoin in my savings 401k retirement account 🤔
maybe talk to Swan or Unchained. I'm not affiliated nor have I used their services. You should do your own research about BTC IRAs
That’s the most cursory and overly critical view of gold I’ve seen outside of Warren Buffet, who also hates Bitcoin. You should embrace gold as Bitcoin’s older brother! (same family, same purpose, and same path)
Gold is useless as a global settlement layer in the digital age. It already failed us once and led to the fiat standard. Gold will continue to lose value against BTC. I've made more in-depth critiques here:
www.youtube.com/@Bitcoin_University/search?query=gold
I’m only going to be buying it because of my 401k. I’ll still be buying actual bitcoin with my pay but I’ll take that contribution match in the etf if they are offering it
question 1 : some claim that if blackrock gains 51% of mining power, they could continuously censor some transactions in the previous block mined by the other 49%, making an actual censorship real : true or false?
question 2 : some claim that in the future there could be a $500k blackrock bitcoin with on chain censorship, and a $5k "cypherpunk" original bitcoin fork : how likely?
Thanks Matt for answering my concerns 😊
I appreciate your videos very much, but in this instance you failed to fully and fairly explain the benefits of holding BTC ETFs on the one hand (e.g. convenience) and address the possible downsides of self custody on the other (e.g. losing keys).
What would happen if all the bitcoin were lost?
If that happens, the next day headlines would read, “Biggest Ponzi scheme finally comes to an end” 😂
Any suggestions for getting BTC exposure for my kids? Swan and Unchained do not offer a Custodial Roth IRA. Is buying the BTC ETF in their current Custodial Roth IRA my best option at this point in time? I’d love the tax free growth for them.
Thanks for all you do.
Thank you, Matthew!
For some reason, I thought the entirety of this video would be, "No. Buy the real thing."
good video, more please
For an individual, self custody. For a corporation, pension fund etc, yes, ETF.
i'm a corp and my company has self custody of btc
Some tough love from you today 😂
I'm planning to start investing in Bitcoin. What crypto exchange would you recommend?
Depends where you are at , I am in USA I use coinbase . Or robinhood for the ease of use
Great content, thanks
If you are "happy" with your bitcoin accumulation so far (in other words: if stacking more Sats hardly changes your bitcoin position), and you have a tax-free investment account (like a TFSA in Canada), I think it's a good idea to load it up with shares of a bitcoin ETF. Best case, you can sell near the "top" of the bullrun without paying capital gains tax, hold the fiat until the next bear market and buy real BTC with it. Worst case, the bear market doesn't crash the price low enough for you to buy back in at a good price and you instead use the fiat to buy yourself a nice car or something.
Good morning, thank s for sharing.How do you buy the ETF?
You'll be able to buy it in any US brokerage/stock account (Schwab, Robinhood, etc) once it launches. Consider buying real BTC instead, as I discuss in this video
You don't. Buy BTC and get a Coldcard.
@@jacobhower1291 cold card for ?
@@Bitcoin_University I have real BTC staked on crypto.com paying me 1.5 % interest rate a week in BTC.I was just curious about ETF
I have some BTC in cold storage, but the ETFs are necessary to give me exposure in my retirement accounts. They will also be better for my heirs when I die. I’d hate to die unexpectedly and none of my heirs can access my cold storage BTC because they can’t find my keys. I could write them down in my safe deposit box but that makes me nervous.
unchained.com/bitcoin-ira
Hey Matthew. Ur the only guy I ask questions about btc because I trust u. I got a jade like u recommended. If I want to use my Jade airgapped, should I connect it to Nunchuk or blue wallet? I want to use mobile so sparrow isn’t an option. Which is the best option out of these 2? Green doesn’t support this yet so that isn’t a possibility also
I'd go with Nunchuk-- great product. By the way, please ignore that scammer who just replied to you before me. I just banned him
@@Bitcoin_University alright! Thanks for the reply !
@@Bitcoin_University thanks for replying. I’ve heard nunchuk is closed source for apple products. Is this true? That’s the reason I wasnt sure to avoid it or not, and instead go with blue wallet.
My employer contributes to my rrsp. I'm not sure what is being held in it, Probably bonds. But Ill have to look into it and see if I can use it to buy IBTC.
Agree with the premise however for the vast majority of newbies bitcoin etf is way better than anything else
the crypto world is young, time to get in now
Wonderful 🎉
Matt, have you heard about the fees for the ETFs being higher than typical ETFs?
No, they're actually going to be pretty low, all things considered. I think BlackRock's going to be at 0.20%
Some are also having no fees for 6 months. I don’t personally like the idea of an ETF but pretty much the only option for money in my 401k.
Seems to me most bitcoiners are not going to be attracted to the spot ETFs but they will nevertheless gain from the price appreciation that results from the new inflows of BTC that backs them. Not a bad thing at all for us.
WE WANT TOXIC SATURDAYS!!!
Thanks for the reminder-- hopefully this Saturday. The toxicity is building up inside of me
I think ETFs make more sense for businesses and organizations because they make it much easier to deal with legal aspects such as taxes, liability, etc.
Michael Saylor and MicroStrategy have pioneered how corporations and other entities can easily hold and account for BTC itself as well. The new FASB accounting rules make this even easier now
Buy Bitcoin 🧡
Yes…. Buy some now…then go get your Binance acct open asap
Thx Matthew
Yup. Unreal.
I think it’s time to divest myself of my daddy, and remove the pictures from above my bed! 😂😅 thank you for the most excellent content!
Be sure to burn the pictures after removing them
From what I understand Coinbase will store its BTC for ETFs in cold wallets? I still prefer real BTC for obvious reasons.
Yes, cold storage of some sort. They've done a good job protecting their BTC so far
As you know, investing in real estate lets you leverage and effectively short the USD in a way that is not mark-to-market. Real estate is a very effective investment vehicle to short USD
Yes, but not as effective once you factor in property taxes, annual insurance, maintenance, and selling fees of 6-7% once you count realtor commission, title, escrow, house inspection, sewer inspection, roof inspection, septic inspection, etc. Also real estate is much easier to confiscate. All it takes is some police tape around your house and you can no longer enter it without going to jail. Real estate is also not mobile, so if your country or neighborhood goes down the drain, you've got a problem.
On top of that, here in California the continue to pass new laws and city ordinances favoring tenant and publishing landlords to the point that is not worth to invest in rental properties. Too much risk little reward.
As an individual- Absolutely not.
06:10 lol that beautiful Hebrew man is yo daddy 🤣
Where do you buy Bitcoin?
strike.me/download/
www.swanbitcoin.com/
river.com/
Congrats to everyone today