As cryptocurrency is still a nascent market, its volatility may be around for quite some time, but there are other ways to invest in its potency as a technology via blockchain exchange traded funds (ETFs).
“I always tell people only get involved only by bitcoin if if you’re ready to buckle up and weather the storm because this is the wild west,” said Arizona Senate candidate Blake Masters in a Fox Business interview. “You know, I think this technology is important and cryptocurrency decentralized financial technology. And we need some innovation here because we’ve got a corrupt and inefficient banking system.”
“It’s true that bitcoin’s down big, almost 50% right in the last two weeks,” Masters added. “But let’s put it in perspective. You know, it’s up 10x still in the last two years. And so there’s an acronym in the Bitcoin community, HODL, self-conscious misspelling of hold. And it means when you get involved with this thing, maybe buckle up and be ready because you’re going to have some volatility.”
To invest in the technology that underpins cryptocurrencies, investors can look at the Global X Blockchain ETF (BKCH), which seeks to provide investment results that generally correspond to…
