Do you need a little bit of hopium today?
The crypto news has been bleak recently – Binance, new KYC regulations (US), Nasdaq custody blackout, hacks, sim-swaps, and rugs. And the cautionary tale of that Doge bro that held $3M down to $50k.
This, too, shall pass.
A little history on Gold ETFs: From 1977 to 2003, the price of gold was relatively flat, averaging $362. Goldmansacks listed the first gold ETF on the Nasdaq in November 2004. Since then, the price of gold has more than 5x.
Here are some of the benefits of a gold ETF:
Convenience: ETFs are traded on exchanges like stocks so that you can buy and sell shares easily. Low fees: ETFs typically have lower fees than traditional gold investment products. Diversification: Investing in gold can help diversify a portfolio and reduce risk. Liquidity: ETFs are very liquid; they can be easily bought and sold without affecting the price of gold.
The above benefits will come with a BTC ETF, plus:
Regulation: ETFs are regulated, which provides investors with confidence and protection against fraud. Scams: ETFs bypass the complexity of holding BTC. Self-banking errors are the most significant contributor to scams.
Digital gold is about to have its day in mainstream adoption sun. Hodl in there!
submitted by /u/elidevious
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