Before you buy Bitcoin, it is important that you understand what options you have available to you. I wanted to do a video talking about the Grayscale Bitcoin Investment Trust, or GBTC. This fund allows you to invest in Bitcoin like a stock, by investing in a fund that owns Bitcoin. The issue with this fund is these Bitcoins are priced at an insane mark up, not to mention that 2% fee. If you are going to buy Bitcoin, I would highly recommend buying it via direct ownership using a site like Coinbase. This fund is a complete waste of money and in my opinion it is the worst way to get exposure to Bitcoin.
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If anyone is looking to open a stock trading account, I highly recommend Robinhood as they offer free stock trading. I recommend them because this is the stock broker I use. Unlike traditional brokers, they do not charge commission on trades or require a minimum account balance. If you are interested in signing up, here is the link: http://cli.re/GRd3m5
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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