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"Collapses are the best time to get rich", American businessman: This is why the fall of bitcoin is great news 

2022-05-22 14:15:59Kosova&Bota SHKRUAR NGA REDAKSIA VOX
"Collapses are the best time to get rich", American businessman: This
Robert Kiyosaki

Bitcoin, the world’s largest cryptocurrency rose to $ 68,990 last November. Now, it's about $ 29,000 a staggering 58% off the roof. If the downward trend continues, the author of 'Rich Dad, Poor Dad', Robert Kiyosaki says he's ready to start buying. Kiyosaki added that bitcoin "is the future of money" and that its end could be as low as $ 11,000.

In today's market environment, it is not easy to be a reverse investor. But if you share Kiyosaki's view, here are three simple ways to take advantage of the potential bitcoin comeback.


Buy bitcoin directly

The first option is the fairest: if you want to buy bitcoin, just buy bitcoin. These days, many platforms allow individual investors to buy and sell cryptocurrencies. Just keep in mind that some exchanges charge up to 4% commission on each transaction. Therefore, look for applications that charge little or no commission. While bitcoin commands a five-digit price today, there is no need to buy an entire currency. Most exchanges allow you to start with as much money as you are willing to spend.

Bitcoin ETF

Stock market traded funds have grown in popularity in recent years. They trade on stock exchanges, so it is very convenient to buy and sell them. And now, investors can use them to get some bitcoin action as well.

For example, the ProShares Bitcoin Strategy ETF began trading on the NYSE Arca in October 2021, marking the first US-linked bitcoin ETF in the market. The fund holds bitcoin futures contracts traded on the Chicago Mercantile Exchange and has an expense ratio of 0.95%. There is also the Valkyrie Bitcoin Strategy ETF, which made its debut a few days after BITO. This ETF listed on the Nasdaq invests in bitcoin futures contracts and charges a cost ratio of 0.95%.

Bitcoin shares

When companies associate part of their growth with the crypto market, their shares can often move along with currencies. First, we have bitcoin miners. Computer power is not cheap and energy costs can be significant. But if the price of bitcoin rises, miners like Riot Blockchain and Hut 8 Mining are likely to receive increasing attention from investors.

Then there are brokers like Coinbase Global and Paypal. When more people buy, sell and use cryptocurrencies, these platforms will benefit. Finally, there are companies that simply keep a lot of cryptocurrencies on their balance sheets. Case in point: MicroStrategy enterprise software technologist. It has a market capitalization of $ 2.3 billion. However, his bitcoin number reached 129,218 at the end of March, a reserve worth about $ 3.8 billion.


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