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RE: A Couple More Months Of The Bear: Buying STEEM?
Hmm why pay management fee on ETF when you can hold your own BTC and not have any counter party risk while at it. The ruling may be good news and ETF may give the price a kick but that is all icing and not substance.
It allows the institutional money to get involved. Funds such as pension and other retirement accounts, as an example, cannot buy Bitcoin or crypto at this time.
This is what Wall Street is focused upon. There are a number of funds with hundreds of billions of dollars in them. Even .5% can add up.
I agree with your point. So for those of us that think BTC is here to stay will buy more.
For sure it is a better deal than high yield Argentina / Italy bond fund..
A much better deal than GE stock at this point.
In fact, GE might actually have a bigger drop than BTC at this point.
Yea I feel sorry for all those retirees that just took a hit on GE.