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The thing I don't get (and I have the same skepticism about gold ETFs) is that if one is trying to hedge extreme scenarios (e.g. high inflation or even monetary
by misnamed 6y ago
The thing I don't get (and I have the same skepticism about gold ETFs) is that if one is trying to hedge extreme scenarios (e.g. high inflation or even monetary collapse) ETFs being 'protected' could easily fall through. I sort of understand holding one's own gold or Bitcoin, but through and ETF just seems like all the speculation with none of the crisis portability.
- tcoff91 6y agoFor those who aren't very dilligent, the risk of losing one's coins due to loss or theft is likely much higher than the risk of hyperinflation or monetary collapse. Being your own bank is a huge pain in the ass it turns out. Also inheritance planning is much more simple with an ETF.
- misnamed 6y agoI guess I just don't see the value from either side, then. The best supposed features of Bitcoin are lost in ETF form.
- tcoff91 6y agoYou don’t have to care about the benefits to profit off of it. If enough other people care about those benefits to make the price go up, you can still make profits off the ETF . And you can make those profits in a retirement account.