Is The New Fidelity Bitcoin ETF A Good Investment?
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- เผยแพร่เมื่อ 19 ก.พ. 2024
- What are your thoughts on the new Fidelity Bitcoin ETF? With it being so volatile would you consider it an absolute no for a Roth account? Or would a 1% allocation be small enough to minimize risk?
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Bots gonna eat up this comment section
Not a bot 😂. Don’t be the fella from Penn State that didn’t buy BTC.
I’d rather have some btc in my portfolio than none at all
I have invested 3% of my Roth IRA into FBTC ETF. I know Bitcoin is still speculating but I am comfortable with my current allocation.
Same me too 😊
Don't really own bitcoin though
Would you invest in Euros? Or Yuan? A Pesos ETF? If not why are you investing in another currency?
Your Bitcoin holding will eventually out grow the rest of your portfolio and be the majoriy of your investments. If you diversify you are buying the the losers
@@nielguaman9412 that's a big maybe. Bitcoin is big for the same reason beanie babies were big, scarcity. And like thousands of other fads it holds no inherent value.
Not your keys, not your coins. Own real Bitcoin, not paper b.s.
Yeah and what is the goal of having bitcoin? To have more fiat, stop it with this phrase you bitcoin nerd. It’s not gold something you can hold.
yep
Be smart, allocate 1-5% based on risk tolerance. Rebalance to keep it at these levels or just don’t look at it for 10 years and reap the rewards
Best don't look
Where can we send in questions for you guys to answer on one of your shows?
GBTC was $10 months ago, it completely supercharged my Roth IRA.
yep, i switched an old work retirement account to gbtc in seven yrs ago, im up 5x
You guys sound very misinformed every time you talk about bitcoin.
I’m 30 and I think that at this age btc/eth/sol are literally the best investment along with QQQ/VOO.
Love the content. Been a follower for years.
Genuine question: has the Money Guy team ran any analysis on the benefit of a small allocation to improve sharpe ratio for portfolio construction?
The sharp ratio is great when you add small allocation of bitcoin to your portfolio
Would owning a BTC ETF mean you would answer yes to the question on the IRS form?
No
I appreciate that they are talking about BTC with level heads and not trashing it just because it’s speculative.
I got 20% into fbtc
There is a Designated Investor Agreement for it, it makes me a bit nervous.
where is the boba fet mug ...
also, is that an electric notebook?
He is advertising his own merch at this point. The Boba Fett mug is gone.
They do use an iPad or something else for notes because it's easier.
This kind of reminds me of Precious Metals and if I had to choose it would be Precious Metals. And I don't have either one.
I will never understand investing into an asset that can’t produce its own dividends/growth/future
It's a store of value, it doesn't need to "produce" anything. Like anything else, more and more people value bitcoin's secure properties and scarcity.
@@XxChuyoxXyou're describing speculation. Why use bitcoin and not some other random cypto? Why not use gold or baseball cards or my old t shirts? It's value is purely based on how much you can convince the next guy to buy it for. Why take that risk when there are stocks? You know with stocks that you are buying an actual company that makes money.
@@TheFireGiverIt’s not speculation when you understand what Bitcoin is. Bitcoin is decentralized where as all the other “cryptos” are not. Bitcoin has greater network effect.
But it also has the highest return in the last decade, think about this, if you invested a 1000 dollars in 2010 in Bitcoin you would have over 31 million dollars today.
Gezz...didn't even talk about the Fidelity BTC ETF.
i have 3% in FBTC
Two wannabe financial expert nerd’s talking about something they know nothing about.
Big fan of TMG but agreed, that was evidently clear.
Only had 10k in my retirement I’ve went all in on bitcoin ETF what other generational upside do millennials have coming? I’ll see ya on an island
Do you watch this show at all? Don't put all of your eggs in one basket. The same would go for stocks. You could yolo all your money on some random stock, but why take that chance?
@@TheFireGiverwell if you only had 10k in retirement I think I’ll take the gamble and do the same.
You never know with these predictions that 10k could be 300k+ in 5 years.
Yes it is.
My favorite saying about BTC: You will own nothing and love it.
Mutual Funds create stability and diversification by investing in many different stocks. How does a BTC mutual fund accomplish either goal? Isn't this just another way to buy and hold BTC? Why does anyone pay a middle-man to hold their BTC when it can easily be held very safely in cold storage?
It's only easy once you understand it. There's a huge learning curve to hold bitcoin in cold storage. Most people (especially those who aren't technically savvy) don't wanna go through that. Hence they buy the ETF. You also have to consider that people have money with asser managers that don't offer access to BTC other than through an ETF. Try convincing someone who has their investments with Schwab to open a Coinbase account so they can buy BTC there and then send it to their cold wallet that they also have to buy.
And also for many, it is not "easy"
I would still rather buy the coins in my tax advantaged accounts than buy a BTC mutual fund.
Because I don't know WTF cold storage is but I have 30K invested in FBTC. I'm going to make money without being any kind of expert, that's why.
BTC ETF will out perform any investment these guys talk about. check back in 10 years
If you truly know with certainty 10 years in the future, you don't even need to invest in BTC..
@@krnguy I’ll go ahead and say, I told you so.
It’s literally the most obvious play 😂. Can you really tell me you are shocked see BTC at the current price? Yea we all have investments some safe, some with more risk. Imagine yourself from 2034 looking back at you today, knowing you should have invested in BTC but you didn’t. I am glad I will not be that guy…mark your Calendar @krnguy
We will come back here 4/1/2034
One of us will be a fool 😂.
If you buy BTC, then none of us will be a fool.
Remember, mark your calendar, it’s easy.
I enjoy watching your show. It’s very informative.
As fellow financial mutant I am a little discouraged that you bought even 1 dollar of bitcoin.
Bitcoin does not produce cash flow. There’s no way to value it. It’s the greater fool theory. Promoting a speculative asset in any manner should not be part of financial education pod cast. It greatly decreases your credibility.
Somewhere I heard 1 dollar could turn into 88 dollars 😊.
So why waste even 1 dollar?
Because it doesn’t produce “cash flow” then the “Greater Fool Theory” applies? Can you elaborate on that?
@@blexaarron sure.
I only want to invest in companies that make money; and as an investor I get a chunk of that money. Bitcoin doesn’t earn money. So I think it’s just like gambling not investing and the show I was watching was about investing.
Maybe I’m totally wrong but I just don’t understand how Bitcoin is anything but a hope that someone will pay you more for it at a later date.
@@stevenhedden2175 Yes, I believe you are wrong. Correct Bitcoin does not produce a yield, but it does protect you from monetary debasement, which is the entire point of “investing”. You are trying to outpace inflation otherwise just keep your money in a savings account, right?
Most companies cannot raise prices fast enough in a high inflation environment for their dividend yield and total return to keep pace with inflation and preserve purchasing power. If true inflation is
8-20%, will your dividend stocks preserve your purchasing power? Not saying that I know the answer, but I doubt it.
@@blexaarron It's a greater fool theory..
Bitcoin itself has no real value for the purpose of investing or even a currency.
1. It takes a massive infrastructure just to maintain transactions.
2. Normal ecommerce cannot take place with it as it doesn't allow for basic functionalities that payment processors do provide.
3. Holding it in an ETF defeats the entire purpose of ANY of the benefits that it advertises.
4. You CANNOT securely hold it in local storage. It's basically like buying a bar of gold and putting it in your house, someone can just come and steal the drive or even worse, just throw a magnet on it and destroy it.
5. The main value of cryptocurrency comes from the premise of money laundering. You can make transactions hiding from governments, you are basically putting your trust in the criminals who manipulate the price so that it can be used effectively to transfer money from different geographic locations.
@@Lolatyou332 Addressing your points.
1) Relative to what? The current financial system depends on endless wars and corporate bailouts which devalue the poor & middle classes wealth while the rich (who have assets appreciate), thus widening the gap further.
2) Bitcoin operates exactly how it is intended to, peer-to-peer transaction.
No 3rd party to censor translations.
3) I agree that buying this ETF defeats the purpose of owning Bitcoin, but these ETFs will need to hold Bitcoin which will increase the value due to supply/demand.
4) Bitcoin is stored on the blockchain not on a “device”. You must expand your knowledge here before trying to argue this point.
5) That is a mainstream media talking point. This has been debunked multiple times.
It’s okay to not understand something but at some point you have to do some hard thinking on why Bitcoin keeps popping back up again and again.
Pick any 4 year time horizon in Bitcoin and try to find a date after the 4 years that hasn’t been profitable.
It’s irresponsible not to put a very small portion of your net worth in Bitcoin.
It’s one of very few scarce assets that cannot be reproduced. Has never been hacked in its 15 years. I could go on, but you aren’t going to do the research anyways, you’re too comfortable.
Very well said
You just want people to buy Bitcoin so you can sell yours lol
@@Rew123You don’t have any good arguments, you can comment that someone is a bot or that someone is trying to “pump the price higher” but don’t have any actual critiques of Bitcoin other than the main stream media talking points?
@@blexaarronjust because they're main stream doesn't mean they're wrong. If ths main stream media told you putting it all on black in Vegas was a bad idea, that doesn't mean it's not. Even if you win they weren't wrong to say it was a bad idea.
@@TheFireGiver Bitcoin isn’t a casino. Main stream media will paint the narrative that it is without expanding on other thoughts.
Fair enough. But the fiat of the world is being debased into oblivion.
🌽🌽🌽
Bummer! I thought this might be the video where you finally commit to a small percentage. Not there yet.
If you invested 10k into it 10 years ago. You would have 870k.
I was broke back then. Wanted to invest and couldn’t. Now, I will never not have a significant amount of money invested in native cryptos, trusts and ETFs. Just understand the cycles and it’s much less volatile than you think.
If you had invested 76,000 at the peak you would now have $60,000. What a rate of return
@@mikeodonnell11 I am not talking about the peak.
Investing at the peak of any asset means you will lose money if it drops and that’s why you try to avoid it. When bitcoin hits $250,000, there will still be doubters and haters.
@@mikeodonnell11Surely that's not you making a serious argument about not investing in Bitcoin?
Yes…. A small percentage… if you’re debt free
FIRST
These two guys have no idea what they are talking about.
With the US dollar in a downward spiral due to over printing and the US govt over spending on foreign wars, you need to hedge your investments that are pegged on the greenback. Bitcoin is your hedge. Simple as that.
As it's true no one knows when we will really see issues from poor fiscal and monetary police. We started the federal reserve and have been losing purchasing power for the last hundred years. The cans been kicked down the road for 50 plus years who knows it could be kicked for another 20, 30 years.
The chance of Bitcoin ending up loosing much of its value is much higher than the chance of the dollar losing much of its value.
@@nicksaylor3288just about all other countries are sick of the US “kicking it down the road.” Commodities such as oil, which used to be traded in only greenbacks are losing market share, down to about 60-70%. Foreign govts are sick of their US dollar reserves, tens or hundreds of billions of dollars losing value every month. The yuan and ruble are gaining market share due to their stability(those countries have stable monetary policy, not kicking it down the road). When the greenback loses enough market share and we citizens lose enough buying power…😮
@@jeanjasinczuk7543that’s not how a hedge works
@@jeanjasinczuk7543Doesn’t seem that way. We have an incredible amount of history demonstrably showing the dollar lose value exponentially. The faith and credit of the US isn’t really doing anything to instill confidence.
This is so bad compared to your normal content
In what way? They categorize Bitcoin as a speculative asset… they don’t say ‘avoid it’s but they see Bitcoin in the context of the big picture
@@andyk49726:15 Brian is wrong here.
I have a tiny amount in Bitcoin. From a pragmatic viewpoint, it seems irrational not to do so (as even the biggest Bitcoin bears will admit). I'm not going to respond to any smart-aleck replies.
It’s true… a single digit percentage might well be prudent, in case everything else collapses…. Bitcoin (even a small amount) could get you out of trouble…
If you don't want to invest in world currencies like euros or yuan. Why would you invest in cryptocurrency? All of them are unbacked and have no inherent value beyond what we place on them.
Not true. Bitcoin is decentralized and has a supply limit. Dollars, Yuan, and Euros do not.
@@blexaarron And what is the benefit of decentralization? It's literally only going to benefit criminals. It doesn't allow you to do normal ecommerce because you can't validate transactions, settle transactions, reverse transactions, or dispute transactions..
It's a terrible currency and it's only good for money laundering. Anyone who understands how money transfers knows this.
You're basically buying beanie babies, there are an infinite number of cryptocurrencies and NFTs now. You're just grabbing onto a brand at this point, bitcoin is useless and 99% of the people in the world do not give a shit about it.
@@blexaarron they all have no inherent value except what we place on them. Decentralization and a quantity limit doesn't change that.
@@legendary_soup4454 Do you mean intrinsic value? In a world of fiat money debasement, what is the value of something that you can control, can’t be censored, and cant be debased.
@@Lolatyou332yeah your comment comes off as ignorant and feels like you’re projecting. You’ve already came to the conclusion, why do you care some much what people do?
Hezbollah, Hamas, N. Korea and the cartels thank you bitcoin buyers for pushing up the value of their "asset" for them. And presumably you are fine with that since profits are all that matter, right?
Keep drinking that kool-aid Baker.
The government never lies… remember that.
Then the same should apply to the US Government for devaluing their currency….right?
Funny how you forgot that part…..
@@blexaarron You realize your one of the few people who actually like cryptocurrency that follow the money guy show (unless you are just searching for btc youtube videos)?
Majority of the other comments praising it are obviously bots.....
@@Lolatyou332 That’s because I understand what I own. Bitcoin ≠ Cryptocurrency, you need to understand the difference.
Bitcoin is actually the safest asset I own. Stocks, bonds and cash are more speculative.
No difference between Bitcoin and start-up/small cap stocks in my opinion. Both are speculative. At least with Bitcoin it has a rhythm and also years of history. So it's not that spec.
@@lispendens there is no difference between bitcoin and a Picasso painting and beach front real estate. Bitcoin is digital property on the most secure and transparent network that humans have ever created.
If you bought at the 3 Btc ATH n held till next cycle. Btc did more then 3x(with 3x being worst of the 3)over your buy in price. now, will that trend continue now that some of the biggest players are in the game....ill take that bet over the next decade...without hesitation
No