How Crypto-Tracker Stocks Let You Invest In Cryptocurrency (Even If You Know Nothing About Bitcoin)
Only a few years ago, cryptocurrency was dismissed by most mainstream investors as a strange niche investment. Things change fast in the fintech world, and now many accredited and experienced retail investors are looking for exposure to this new asset class.
But for those who don’t know where to start, what are the options? You have to go through the steps to educate yourself by studying how cryptocurrency addresses work, familiarize yourself with hardware and software wallets, and go through the somewhat cumbersome process of creating accounts on exchanges.
For some people, their enthusiasm for this new technology is enough that they are more than willing to go through all that. They might even enjoy it! But what about other investors who are intrigued but don’t want to learn all that stuff?
Furthermore, purchasing cryptocurrency directly generally doesn’t allow for investors to claim certain tax rebates or incentives that other asset classes benefit from. Some investors may want to take advantage of their 401(k) plans in the United States or RRSP contributions in Canada.
Read full in source:
https://www.forbes.com/sites/forbesfinancecouncil/2019/04/12/how-crypto-tracker-stocks-let-you-invest-in-cryptocurrency-even-if-you-know-nothing-about-bitcoin/#2a9d1569336e