Just pointing out that the bitcoin etf situation is unique and risk profile unknown. maybe if you want your grandma to have some bitcoin, a better solution would be to create derivative keys and sell it to her directly. :-)
To think these ETFs are good for our grandparents investing into bitcoin is foolish. These etfs are designed for the issuers to find profits in the arbitrage opportunities, and option markets, not as some safe haven for dumb money.
We will see.
Hey, easy on the grandma dumb money. My grandma knew her shit.
😂 my b! I didn’t mean your grandma! She can prob hold her own keys though! Or join a multisig setup with you. Or you could give her a derivative key set, or some other method of not needing the ETF.
Honestly the only real reason I can think of for the ETF is for younger people to hold in their ROTH-IRA to avoid cap gains taxes.
Agree. This will be a retirement account run like no other. If it’s a true 1:1 reserves, none of us are bullish enough. None.
And for old people with high net worth. Avoidance of cap gains is huge.
How does it make sense for old people with high net worth? Roth IRA has contribution limits, requires earned income, and 5 year minimum holding period. Kinda pointless for older high net worth individuals…
