What do people think about Bitcoin?

That would be the one "no-brainer" (I think) that would be good, and it's the one reason a lot of people were hoping any kind of ETF would be approved. The problem with a lot of futures ETFs is that there isn't going to be that 1:1 correlation with whatever they're tracking. I guess if this gets approved by the SEC, we'll see, but I'll wait to jump into it.

The SEC will probably approve this and another few that applied, but I think they're all futures ETFs. I don't think Gensler has anything against these bitcoin futures etf -- he even pretty much stated so a couple of months ago, so this was kind of expected. It's a bitcoin ETF (non-futures) that I don't think he's willing to budge on -- not yet, anyway.

Interestingly, ProFunds has a mutual fund that already invests in BTC futures that hardly anybody wanted a piece of. I thought more people would jump on that but I was looking at it a week or two ago and it only had something like $15 million AUM. I don't know how it's been performing, though.

 

LOL comeon bro 100% bitcoin is a bad idea. Diversify

 

As someone who got burned on oil future ETFs, I am going to stay away from **** I can’t easily explain.

 

Concentrate to get rich. Diversify to stay rich.

 

the things is, unless you rebalance, a 10% allocation to bitcoin will quickly trend to 100% of your wealth

 

This is currently the problem I'm experiencing. Lol.

 

if you read one bitcoin article, make it this one

 

2013-2020, concentrate to get rich. 2021+ hedge against inflation.

Layer 2 is Bitcoins gift to humanity.

Layer 3 is Web 3.0. Diversify here.

 

Web 3.0 is the next Silicon Valley VC bullshit they are peddling to dump on retail

just buy and hold bitcoin, don't let them take your money

 

Web 3.0 is taking control of your data hosted on your own node. Want my data? Stream me sats.

Not your node. Not your data.

 

What it say

 

Today I rolled my standard commodities and equities Roth IRA into a Bitcoin Roth IRA at iTrustCapital. The financial advisor of this account was baffled such investment tools exist. I tried to orange pill him.

Tax the seed, not the harvest.

Ammirite, @Commodore ?

 

TSLA still holding?

 

my retirement accounts are 100% GBTC

next step is to convert to a self-directed IRA so I can buy actual bitcoin in my retirement account and hold my private keys

 

Let me know when you find a solution.

 

https://unchained.com/retirement/

 

Coinbase is the number one app on the Apple App Store

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