Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
No email address required.
Notes -
With all of the enthusiam of Ben Affleck, I figure that I should put some of my investment portfolio into Bitcoin. I expect that it'll move independently of or in opposition to the dollar. What is the boring approach do that, adjusting a boring set of current allocations across the usual boring large investment companies?
Do you have any desire to have access to/use the BTC, as in gain custody of them on a private key you control?
If not, an ETF is the straightforward choice.
If so, a coinbase account is easy, but there are numerous options.
I view the custody concern only in terms of "my financial advisor stole everything and disappeared". At the scale of those ETFs, I don't see the bitcoin assets being significantly different from any other assets under management. That page looks helpful, thank you.
If you are using bitcoin as a hedge against financial collapse, it's a bit risky to use custodial counterparties that would go under in the event of a financial collapse.
It's an interesting question whether Coinbase is already qualifying as "too big to fail". I'd say probably not yet, but could become before this decade is over. Of course, massive regulatory interventions would accompany that.
More options
Context Copy link
More options
Context Copy link
More options
Context Copy link
More options
Context Copy link
More options
Context Copy link