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Reply to "Talk to me about crypto and blockchain"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a Charles Schwab brokerage account. What can I buy?[/quote] Start here: https://digital.fidelity.com/search/main?q=bitcoin In my opinion, there's only room for one digital asset and that's bitcoin -- there is no second best. "Cyrpto" refers to all digital assets, including bitcoin but also dozens if not hundreds of other coins, everything from fart-coin to hawk-tua-coin to Trump-coin. Bitcoin is the only one worth studying. FBTC is Fidelity's bitcoin ETF that anyone with a brokerage account can buy, which operates like a gold ETF or similar, i.e., the fund simply buys and holds bitcoin so the price of the bitcoin ETF closely tracks the price of bitcoin. There are several other bitcoin ETFs (e.g., Blackrock has one IBIT) but I think Fidelity's is the best as they custody their own bitcoin rather than relying on third parties to custody it for them. [/quote] OP here. Thanks for your explanation. To PP's comment about blockchain, I am aware they're not in the same category. But I want to invest in both. I can see that blockchain is incredibly useful for all sorts of transactions, not just cryptocurrencies. [/quote]
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