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/biz/ - Business & Finance

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57258391 No.57258391 [Reply] [Original]

i might be missing something here. ETFs are generally used to diversify your portfolio, so obviously it's much more efficient to buy an ETF that uses the 500 biggest US companies as benchmark than to buy each stock individually. What on earth is the purpose of a bitcoin ETF then? it seems you're not really reducing the risk at all because you're still investing everything into JUST bitcoin and it's so easy in 2024 to just buy it yourself via any exchange. Am i missing something here guys?

>> No.57258547

What the fuck is the point of an oil etf?!?!

>> No.57258612

>>57258547
well i mean sure if you're willing to buy a hundred barrels of oil and store them. but seeing how easy it is to buy bitcoin and how liquid it is i don't really see the comparison

>> No.57258648

>>57258612
Storing bitcoin safely is hard. Taking care of seed phrase isn't boomer's job. Also, inheritance etc.

>> No.57258716

>>57258391
fucking weebs...kys

>> No.57258914

>>57258648
yeah i suppose that's a good argument, it might mitigate some risks regarding the reliability of centralized exchanges. I just don't see this as the tipping point for risk-adverse boomers to finally invest in crypto.
>>57258716
i have never watched a single anime in my life, i just picked the second anime irl that pops up if you google ''confused anime girl'' because it gets people to reply. you can kiss the tip of my penis and slap it all over your mouth, anon

>> No.57258960

>>57258914
meant anime girl not anime irl. :)

>> No.57258981

>>57258391
I thought the point was that you cant put bitcoin in a roth IRA but you can put ETFs in