Dumb Investment Of The Week: Bitcoin Investment Trust

Bitcoin Watch Shop

We have never been a fan of supposed digital cryptocurrencies, as they have mostly remained outward a area of normal investments. That has altered with a introduction of a Bitcoin Investment Trust (OTCQX:GBTC), traded on a OTC markets, and a ARK Web x.0 ETF (NYSEARCA:ARKW), that has an approximately 2% allocation to bitcoins and is traded on a NASDAQ exchange. Additionally, a Winklevoss twins, by a Winklevoss Bitcoin Trust, seem to be getting close to inventory a bitcoin ETF on NASDAQ. This would make “investing” in bitcoins permitted to only about each investor.

The bitcoin will be a disaster as a banking due to several fundamental flaws that make it unsuited for use in blurb exchange over a prolonged run. For that reason, a Winklevoss Bitcoin Trust, and by prolongation bitcoins, are a Dumb Investment of a Week.

Understanding Modern Money

To know a flaws in bitcoin, we initial need to know because something would be used as a banking and what gives banking a value. Let’s use a US dollar as an example.

The many critical aspect of a US dollar that

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