Reply to If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"

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[quote=Anonymous][quote=Anonymous]I’m in my early 70’s and ultra high net worth. I have nothing in crypto as I’m too old or lazy to study it and then invest. I’m far more into estate planning and all its complications so speculative investments are just not in the cards. If there was an easy way to put $100k in with a reputable dealer I’d certainly consider it just for the fun of it. [/quote]

The easiest way for traditional investors to gain exposure to bitcoin is through one of several bitcoin ETF funds. For example, Blackrock (IBIT) and Fidelity (FBTC) are the two largest bitcoin ETFs and you can buy/trade them in any major brokerage account. They're similar to the precious metal ETFs like SPDR.

The bitcoin ETFs were approved earlier in 2024 and have been the most successful ETFs in history, with for example Blackrock's IBIT hitting 50 Billion in investment in less than a year. Fidelity issued a whitepaper on bitcoin earlier this year (available here https://institutional.fidelity.com/advisors/insights/topics/investing-ideas/the-case-for-bitcoin).[/quote]

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