Why Owning Bitcoin is Crucial in the Crypto Investment World
Sunday, 17 March 2024, 12:45
Why it's better to own the asset
You could think of Bitcoin ETFs as very similar to gold ETFs. When you buy a gold ETF, you don't get gold bullion. You essentially get a receipt saying you own a certain amount of shares within the ETF. The fund sponsors are the ones buying and selling physical gold.
- First: Owning actual Bitcoin eliminates counterparty risk and preserves autonomy. You have control over your private keys, reducing security breaches.
- Second: You have direct control of your Bitcoin, trading 24/7, unlike ETFs with fixed trading hours.
- Third: By owning Bitcoin, you can leverage unique cryptocurrency features and participate in innovative applications.
A necessary disclaimer
While owning Bitcoin might not suit everyone, considering Bitcoin ETFs as an alternative for exposure can be beneficial. Whether pension plans, employer contributions, or personal preferences, both Bitcoin and ETFs offer distinct advantages for investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.