New Bitcoin ETFs: Should Bogleheads Take The Plunge?

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With the launch of Bitcoin Spot ETFs, investors now have a safe, low-cost way to own Bitcoin. In this video, we'll look at some examples of these new ETFs, and then I'll make the strongest case I can in favor of adding Bitcoin to an asset allocation portfolio.
Then I'll share how I'm approaching Bitcoin and why.
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Video Resources
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SEC Statement: www.sec.gov/news/statement/ge...
FBTC: digital.fidelity.com/prgw/dig...
IBIT: www.ishares.com/us/products/3...
ARKB: ark-funds.com/funds/arkb/
WSJ Article: www.wsj.com/livecoverage/stoc...
Bitcoin Market Cap: coinmarketcap.com/currencies/...
Bitcoin Correlation: blogs.cfainstitute.org/invest...
Bitcoin Performance Map: / 1
Crytpo Crime Report: www.pensamientopenal.com.ar/s...
#bitcoin #bitcoinetf #robberger
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
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Опубликовано:

11 янв 2024

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Комментарии : 237

@alphamale2363 5 месяцев назад

Peter Lynch used to write about folks who would do extensive research before buying a refrigerator, but then buy a financial product they knew nothing about.

@user-99.99 5 месяцев назад

And we can see what camp Rob is in. 🙄

@user-in8jn2os8c Месяц назад

Reminds me of people who believe the crooks who claim to have accurately predicted bull and bear markets. All you have to do is send them $50 to become wealthy!

@The-Dirty-Straw 4 месяца назад

In a RothIRA, if BTC goes up (very high) and you sell the ETF to spend on the S&P 500, wouldnt that make sense? Considering that a RothIRA contribution limits and Im young, I see no reason to not speculate

@dianeclark-sutton8430 5 месяцев назад

FYI. Fidelity is waving the fee until Aug. 2024.

@bridgecross 5 месяцев назад

You know how many folks out there think FTC approval of an investment vehicle means it’s a good investment?

@DaJonez24 5 месяцев назад

Unfortunate for those many folks

@DrJack144 2 месяца назад

I appreciate the analysis here. Objective arguments laid out, yet you still think for yourself & wont just follow the crowds. I am 100% with you on that. I feel like I’ve heard every argument in favor of BTC in the past 6 years especially (first became super aware of it in 2018 & had long-term holders trying to talk me into it), and I still feel it has no value. I’ve never had a reason to own it & wouldn’t benefit from owning it either. Not true of any legitimate asset or blue chip productive company. I prefer to have nothing to do with BTC. Warren Buffett among others is also taking our approach. Doubt he’d pass up free money if it’s really as easy as BTC Bros want us to believe.

@user-in8jn2os8c Месяц назад

It's like going to Vegas, baby!

@ld5714 5 месяцев назад

Thanks Rob. I appreciate your perspective on this. Have a great day.

@ziggy8036 5 месяцев назад

I just started my HSA this year and I was actually considering going 95 percent S&P and 5 percent BTC etf

@n14699 5 месяцев назад

Great information, thank you! Your perspective is incredibly valuable!

@FrankBurgos 5 месяцев назад

Your videos are great thank you

@briandarnell1809 5 месяцев назад

Always great content, thanks!

@Carl_455 5 месяцев назад

Thank you for making this informative video!

@pfreeburn 5 месяцев назад

Excellent Rob... Thanks!

@alvarosd3566 5 месяцев назад

Thank you Rob!

@railroadlife4057 5 месяцев назад

Added FBTC to my portfolio 😊

@johnnyfive1412 5 месяцев назад

You're down 6% today.

@STF68 5 месяцев назад

Going to add it to mine in a few days once it bottoms around $35. Just going to put 1% to try and capture some up run for the April Halving!

@jan2000nl 5 месяцев назад

@@STF68 So, counting on bigger fool theory? Good luck

@beerkegaard 2 месяца назад

@@johnnyfive1412and he’s up like a mfer today.

@fane18ful 5 месяцев назад

Some of the crypto miners have their stocks listed on the exchanges. It would be very interesting to analyze them. Great video as always, thank you Rob.

@OwnedRL 5 месяцев назад

I don't agree institutions like Vanguard should be making judgements on investing "sense" of products - they're just providers, it's up to individuals to figure out what they want to invest in and to be able to choose freely.

@jamesodell3064 4 месяца назад

If Vanguard does not want the business it is easy to set up an account with another broker.

@wyzyguy726 3 месяца назад

Or don’t let you invest in oil, pharma, gambling, tobacco, alcohol… on and on… silly

@disch972 5 месяцев назад

What would Rob do?

@JosephDickson 5 месяцев назад

As a Boglehead, when I want to get grifted I prefer to cut out the middlemen, burn my money instead, and save on management fees.

@filthyE 5 месяцев назад

Damn right. Don’t buy into this bogus scam.

@jan2000nl 5 месяцев назад

But then how would Kathy Wood make her fortune? Ark Invest is like watching the early phase of a train wreck

@arentibbs799 5 месяцев назад

I thought you were going to say cut out the middleman, buy BTC on a shady crypto exchange, then then lose it to hackers in a phishing scam like everyone else.

@ttcc5273 4 месяца назад

Make a NFT of it, it will sell like hotcakes 🤪

@jasonhawkins2717 5 месяцев назад

Thank you Rob, you are the island of sanity and wisdom amidst an ocean of conflicting information, FOMO and charletons.

@PH-dm8ew 5 месяцев назад

On another note. I have most of my retirement funds in Traditional and Roth IRA's. I am having difficulty in deciding how to take distributions. How to use the gains, the dividends etc? How do i draw from those accounts to make a paycheck? Do you have a suggestion for a good RU-vid episode of yours or other channel that i can watch to figure it out?

@ukiitm 5 месяцев назад

Grayscale never had a futures-based ETF. People are clearly still very new to this and haven't done their research. We are still very, very, early.

@MattEarnest 4 месяца назад

Yes, not the best way to start the video. He didn't do any homework on GBTC.

@kenkebbekus6041 5 месяцев назад

Larry Fink calls BTC a flight to quality. Not sure if your video counters why he would say that.

@STF68 5 месяцев назад

Fidelity is waving their .25% fee until August.

@blexaarron 5 месяцев назад

And then the GBTC ETF has a 1.50%. I bets that’s a major reason why there was a sell off.

@bridgecross 5 месяцев назад

"It's not designed to be a medium of exchange, it wouldn't work at scale as a medium of exchange..." good Lord *thank you* for that. The only reason I would speculate in BC is that the price may continue to get bid up. By folks who *think* it will have some practical purpose in the future, and are willing to pay large amounts of actual currency.

@furyofbongos 5 месяцев назад

It's had about 15 years now to find a purpose other than pure speculation and crime facilitation.

@an0nguesst 3 месяца назад

Lmao can you be anymore clueless. NPCs think new forms of money monetize overnight. Fastest asset to reach 1 trillion and the best performing asset of the past 15yrs and you still don’t see it. NGMI

@fasteddy-fd3kr 5 месяцев назад

It is going to be used in the future

@jan2000nl 5 месяцев назад

Can you also tell me the lottery numbers for next week? Block chain sure. BTC, I would wager only on illicit goods as it is at the moment

@CaptainBenjamins 5 месяцев назад

I like investing in a 3-fund portfolio because my dollars are going into companies that will grow. I do not like to invest in crypto, gold, or beanie babies because then all im doing is hoping that the next guy will want to buy it for more.

@elsemuller2460 5 месяцев назад

Even if i think you are right in a way, isn't the value of a companys share also based on the hopes in the future? In a way also speculation then? And on the other hand: why not profit from others who want to pay more for BTC than we think it's worth? And Gold? People say it kept the same value since thousands of years : you can still buy a good suit for one ounce. Well, I guess in the moment you could buy 1 to 4 . So it seems to be at least a good store of value (if you keep the gold and don't buy the suit ;)

@rockkstarr1666 5 месяцев назад

Ooooo, Well Said! 👍

@patrickwal55 5 месяцев назад

Am a fan of your channel Rob - thanks! On this topic, check out Lyn Alden's take (in her recent book "Broken Money", or on any one of the many podcasts she's done on this topic in recent years). One of the best arguments I've heard in favor of including BTC in a balanced portfolio, and best explanation of the value proposition for this relatively new asset class (in part, because fiat currencies are likely to also be volatile, and backed in a way that most of us are increasingly concerned about - likely to get worse, not better over coming years).

@nathannguyen2041 5 месяцев назад

Finally someone with an open mind.

@ajrobbins368 5 месяцев назад

Thank you, Rob! I do NOT invest in currencies or commondities. I am only interested in owning a share of commerce and industry.

@stevemlejnek7073 5 месяцев назад

My HSA is with Fidelity. Maybe I'd take a flyer on this with a small percentage of my invested long term dollars.

@funtechu 5 месяцев назад

Please don't

@jan2000nl 5 месяцев назад

Good luck

@jfscotch 5 месяцев назад

Great information, Rob. Happy New Year and keep it coming!

@lagarde2011 5 месяцев назад

I've gotten two calls this week from an advisor at my brokerage firm, telling me he has some "interesting" investments to discuss. I suspect it's based on these new ETFs.

@rdptll 5 месяцев назад

11:53 ahh there it is.

@Yette 5 месяцев назад

Kathy Wood, all you had to say, 😂😂😂

@davidbrooks8809 Месяц назад

😂😢😮😅

@raoulhery 5 месяцев назад

BTC to the moon !!!!!

@rjb7260 5 месяцев назад

I think a small investment say maybe 10k in an ETF hold for the long haul. Rob I agree and understand your convictions and they make sense. The US Dollar is also used for criminal activity. love your videos!

@kutayecevit4125 5 месяцев назад

Thanks Rob you have given good perspective, as usual

@nathanpen 5 месяцев назад

In El Salvador, its a currency. You can move there and live on it.

@blexaarron 5 месяцев назад

In Lebanon, it’s a currency. You can use it to store your wealth from the local currency that is being debased by the government.

@timsans1170 4 месяца назад

Is there anyone still there?

@blexaarron 4 месяца назад

@@timsans1170 Another comment from you without elaborating or making a good argument. Im starting to notice a theme form you lol.

@LarkOfTheWoods 5 месяцев назад

Buying crypto is just speculation with a hope that later on some buyer will be even more foolish than you.

@dominichoward4833 5 месяцев назад

What a weird stance for vanguard when its so heavily invested in blackrock and visa versa.

@peter-hr1gl 5 месяцев назад

Never going to put money in this hype train.

@furyofbongos 5 месяцев назад

Wise.

@fasteddy-fd3kr 5 месяцев назад

Better gamble with PLTR

@JohnSmith-zl8rz 3 месяца назад

ETFs are a scam, not your keys, not your coins!

@an0nguesst 3 месяца назад

Ok orange piller, back to parroting dumb takes on bt I’m sure your 0.0001btc are safe in your ledger

@GuitarNinjas 5 месяцев назад

How can you say that BTC is ONLY used for speculation and criminal activity? (14:31) Absolutely false and narrow minded. BTC is being used in other countries to protect citizens from hyper-inflation of their fiat. Rob, your content is usually good but this makes you sound out of touch with modern and future financial markets.

@RealMcLovin 3 месяца назад

Examples?

@garywheeler9465 3 месяца назад

@@RealMcLovinVenezuela, Argentina, Turkey, Iran, and Zimbabwe.

@karlbe8414 5 месяцев назад

Well said Rob!, I along with many , value your timely opinion and rationale. That being said, there are special tax complications with investing in crypto , including the 2 day old crop of ETF's. Wondering if GBTC side steps that, due to their futures angle?? FOMO is is a factor!

@michaell6580 5 месяцев назад

The devil you know is better than you the devil you don't . As s loyal Bergerite , I am a bit disappointed Rob did not call a turd a turd.

@SD-co9xe 5 месяцев назад

Crime aspect bothers me.

@Daretobepresent 3 месяца назад

Thank God there's no major crimes done with regular dollars. (yes, sarcasm)

@DougSmileyVirgo 5 месяцев назад

Do Boglehead investors also enjoy Bogle wine?

@garywheeler9465 3 месяца назад

I drink it every Sunday.

@davidbrooks8809 Месяц назад

😂

@valcaron 5 месяцев назад

If Vanguard is serious about "focusing on asset classes" then they should also dump ESG-focused ETFs.

@noyopacific 5 месяцев назад

While I've never been a proponent of so called socially responsible investments, I appreciate the argument that they may have less future liability for being required to pay for remediation of past destructive business and environmental practices. Businesses that score higher on an ESG ranking presumably also produce some valuable goods or services. Crypto is not a business, produces nothing and is fundamentally little more than a way to make a speculative bet on the future demand for something that is neither a product or service. It's another dutch tulip bubble, perhaps a bit worse. A crypto token is little more than an electronic book entry. If this entry into financial exchanges turns out to be the pinnacle of speculative hype for crypto, I would expect a rise followed by the crash and burn stage. I applaud Vanguard for eschewing short term gains in favor of long term stability. I support Vanguard's decision to not participate in the crypto craze.

@Ambassador055 5 месяцев назад

Agreed. But that would not be PC, so it probably won’t happen.

@fargoaerials3456 5 месяцев назад

That's a completely different animal.

@valcaron 5 месяцев назад

@@TonyCox1351 I "immediately went to ESG" because it's a glaring inconsistency in Vanguard's modus operandi. The ESG movement's goals contradict the goal of maximizing profits, which is the only duty a corporation has to its shareholders. By extension, this extends to ESG-themed funds as well. In the context of finance, it's antithetical to fiduciary duty -- if a fund's purpose is NOT to protect and grow the wealth of its customers, it is a fundamentally unethical fund. If there was an ETF that takes all of its customers' money and tries to double it at Blackjack tables at a dodgy Las Vegas casino, I would object to it. If there was an ETF that takes all of its customers' money and donates it to charities that feed starving Romanians, I would still object to it. The fact ESG is politicized by other individuals (whom I have no control over, because I am not other people) is beneath my concern: the core objection I have with it is that it is a deeply unethical phenomenon. It isn't something a company like Vanguard -- which was built, thanks to Mr. Bogle, on a reputation of NOT playing fast and loose with its customers' money like some other brokerages of the past were apt to do -- should be advocating or marketing. If you want to speculate your money on ESG-themed funds or lottery tickets or whatever, that's your business as a consenting adult, but a company with an established reputation of espousing principles of common-sense fiduciary responsibility should reject ESG-themed funds for the same reasons it already rejects crypto funds. To NOT abide by principles, thus carving a special exception for ESG, is the only thing I am seeing here that is politically-motivated.

@LarkOfTheWoods 5 месяцев назад

Vanguard's large cap ESG funds have outperformed the VOO S&P 500 fund for the past five years, so your disdain doesn't have a valid basis.

@kjellsvendsen6739 2 месяца назад

You just forgot the point of BTC not being able by anyone to be more printed out from thin air or nothing at all.

@739jep Месяц назад

That’s not necessarily an advantage

@Kevin-df8jg 3 месяца назад

That’s a big call not investing at least 1% in BTC 🤔 I think everyone should get off zero BTC……2 months on and the BTC ETFs are the most successful ETFs ever in just 2 months 👏👍😂

@beerkegaard 2 месяца назад

They will buy later at the price they deserve

@still1. 5 месяцев назад

Ginsler voted in favor and he is NOT republican.

@rob_berger 5 месяцев назад

Thanks for the correction.

@Travlinmo 5 месяцев назад

I assumed this would be a 10 second video with a sign... NO!

@739jep Месяц назад

Everything I’ve heard crypto bros say are benefits of btc tend to be based on a limited understanding of the monetary system , or are simply non existent once you peel under the hood. And even if it were all true , it still wouldn’t necessarily make it a good investment. Hope it works out for everyone , but it’s a hard pass for me.

@arentibbs799 5 месяцев назад

From Day One, the Spot BTC ETFs have gone down in price. I'll speculate on BTC when the price stops crashing every day.

@an0nguesst 3 месяца назад

Lmao Hfsp

@shanetate8754 2 месяца назад

How’s this theory working out? BTC spot ETF’s have been the fasted growing ETF in the history of ETF’s…

@JunkSock 5 месяцев назад

Let me guess, it doesn’t pay dividends? Better take greater fool theory right to the end of the logic

@blexaarron 5 месяцев назад

How does something with a fixed supply pay a dividend?

@timsans1170 4 месяца назад

@blexaarron I focused more on the last part, "The Greater fool." Back in the '80's, the Real Estate Market was so hot, You "Simply couldn't lose!" No matter what you paid for a home, there was ALWAYS A BIGGER FOOL WHO WOULD OFFER YOU MORE!..... Then, one day, There wasn't....

@clark6g 5 месяцев назад

Charlie Munger called it rat poison!

@timsans1170 4 месяца назад

What does he know? He lived to 100 and died a Billionaire, I trust Rap Master G for all my financial advice! Besides, this is much simpler, My cousins friend Joe or John...IDK, he said his uncle made like $600K rolling with Crypto... I already picked out my next ride when I win all this money from my $50 Investment!

@user-xq5pd9ge2o 5 месяцев назад

What Warren would do ?? Thought so ….

@pbrown0829 5 месяцев назад

Vanguard won’t even allow you to invest in them. I get it, a private company can do whatever they want but a fully grown adult should be able to buy any ETF they want. High risk high reward

@TonyCox1351 5 месяцев назад

Just to be clear, “high risk high reward” is not an accurate representation of high risk investments. The phrase we should be throwing around is something more like “high risk high reward or high losses”

@p.c.h.6721 5 месяцев назад

@@TonyCox1351 Well said, there's no middle ground with Btc.

@TonyCox1351 5 месяцев назад

@@kenkebbekus6041⁠⁠for me to admit I’m wrong, all the “high risk” investments that have lost their value over the last 100 years - GameStop, Bed Bath and Beyond, Dogecoin, etc - would need to reap high rewards. If you truly believe that just because something is high risk means you’ll get high reward then you’re riding the short bus

@Aaron-ed5xs 5 месяцев назад

So you want to spam this 'I'm a fully grown adult adult' stuff but are incapable of understanding a company is allowed to make decisions that don't cater to you at all times? Do you need a handler?

@TonyCox1351 5 месяцев назад

@@kenkebbekus6041 For me to admit that "high risk equals high reward" i would need to see Gamestop, Bed Bath and Beyond, and Dogecoin all turn around, because those were high risk investments that did not reward. In fact, I would venture to guess that the vast majority of high risk investments do not reward. Because if high risk investments consistently resulted in high returns, then they wouldnt be very high risk would they?

@jan2000nl 5 месяцев назад

Vanguard: Thank you for confirming my trust in the company founded by JB.

@nixic_ 5 месяцев назад

Same might leave Fidelity for this =\

@Lurch98 5 месяцев назад

@@nixic_ Fidelity has had crypto assets available for several years now. But sure, you should leave due to a product you won't use. Best of luck to you.

@grigorirasputin425 5 месяцев назад

@@nixic_🤡

@FIPSYCH86 4 месяца назад

But you can buy higher beta BTC miners from Vanguard.

@grigorirasputin425 4 месяца назад

@@FIPSYCH86 then he is going to leave vanguard and will invest in gold from Costco

@TheWeekdy0 5 месяцев назад

Vanguard is Mircostrategy biggest investor. Hmmm....I wonder why?

@rightangletriangle3188 5 месяцев назад

I have the same sentiment that I don't invest in products that don't generate incomes.

@GilreathDental 5 месяцев назад

Smart and educational as always Rob.

@Skaahn 5 месяцев назад

Don't

@okonkwochristian9549 5 месяцев назад

I think money is also use to pay ransom, so for me all are the same.

@Omar-et7sb 5 месяцев назад

Rob: I will give you the BEST case why you would want to own some crypto!!! Rob: Nah, I ain't buying this speculative, nonsensical thing... I love you Rob! Call it like it is!

@shanetate8754 2 месяца назад

Tell it like it is, Rob! Keep these folks from investing in the best performing asset in the history of mankind. The BTC spot ETF’s are the fastest growing in history as well.

@Asstronauts93 4 месяца назад

BTC is an official currency of el salvador

@joet.7831 5 месяцев назад

I just don't trust it!

@timsans1170 4 месяца назад

Why would you trust something backed by Nothing, Based on Nothing with wild Market swings???

@an0nguesst 3 месяца назад

You don’t understand it, so yeah you shouldn’t trust anything you don’t understand

@d.p1304 5 месяцев назад

BTC rush will end in tears because of FOMO

@blexaarron 5 месяцев назад

But it’s been 15 years…when is this gonna happen?

@jan2000nl 5 месяцев назад

@@blexaarron When the world runs out of speculators

@blexaarron 5 месяцев назад

@@jan2000nl again, its been 15 years. Are people still “speculating”?

@shanetate8754 2 месяца назад

Everything is speculation. Everything.

@blexaarron 2 месяца назад

I love how it’s always “speculation” and never “monetary debasement”.

@funkjunkie714 4 месяца назад

BTC is traceable. You will need to be a dumb criminal to use it for illicit activities. I suggest you do more research Rob. Much respect.

@an0nguesst 3 месяца назад

Rob is clueless. Most boomers will never get it. Too little neuroplasticity left

@DrJack144 2 месяца назад

It’s actually very commonly used for criminal activities. YOU are the one who needs to research it. Not hard to find academic papers on the topic. Look up some of John Griffin’s research at UT Austin. Having a wallet address but quite literally no way to figure out who the wallet belongs to does NOT deter criminals.

@dominiccastro6483 5 месяцев назад

Its not right that Vanguard doesn't let their users buy these new elf's. People should have the option to buy them if they want.

@jan2000nl 5 месяцев назад

Yeah well most governments don’t let you use narcotics. There is a good reason for that also

@ryanreyes9456 5 месяцев назад

Well you can open an investment company and make your own rules.

@randy74989 5 месяцев назад

Vanguard sucks, move your money to Fidelity or Schwab and DIY.

@JayD1001 5 месяцев назад

Highly recommend watching Michael Saylor's RU-vid Series on Robert Breedlove's channel if you would like to know more on BTC. Always good to get all information before making a decision on whether or not to open a position. One of the most informative videos ive ever watched on RU-vid.

@user-99.99 5 месяцев назад

Say crypto one more time.

@jjdawg9918 5 месяцев назад

Rob I think you were being nice when you used the word "speculation". Speculation implies you are able to do risk assessment of some sort. To my knowledge there is no way to assess the risk of cryptocurrency which makes it pure game of chance (i.e gambling). The only real way to measure risk of crypto is strictly through behavior analysis of people you nothing about. I guess the one risk you can try to assess is regulatory(i.e. if crypto ever got big enough to threaten the ability to collect sufficient taxes, it would be banned )

@NWforager 5 месяцев назад

you can trust that they already tried to ban it . thats what dex's are for

@lucious455 2 месяца назад

😂😂😂😂😂😂

@mjiles85 5 месяцев назад

Doing right by your customers is allowing them the choice to make their own investing decisions not restricting what you can or can not invest in

@jan2000nl 5 месяцев назад

Listen. There are plenty of places you can go gamble your money away. Vanguard protecting their investors doesn’t impede anyone’s ability squander wealth.

@tomkellen8318 5 месяцев назад

NO! NO! NO! Charlie Munger said it best: RAT POISON! Also read Easy Money by Ben McKenzie. So you keep saying "very inexpensive." 100% loss of your money is still a 100% loss, regardless of the original investment. Yes to Vanguard's stance.

@veritas3179 5 месяцев назад

Absolutely.

@rdptll 5 месяцев назад

well ya, if youve ignored the best performing asset for the last decade you might as well keep being ignorant. Those who are already wealthy need not learn anything new.

@veritas3179 5 месяцев назад

This boat sailed long ago. Now there are miseries in the future.

@cluedin 5 месяцев назад

In the 1980s and early 90s , people were saying ‘what could we use this internet thing for? It does nothing ‘

@fargoaerials3456 5 месяцев назад

I wish people would stop using the word "INVESTING" with respect to BTC. One doesn't invest in crypto, one speculates in it.

@shadowninja6689 5 месяцев назад

Agreed. Crypto is simply a decentralized ponzi scheme, there's NOTHING of value backing it. It pays no dividends, interest, or rental income. It doesn't give you ownership of anything.

@furyofbongos 5 месяцев назад

Thank you. One of the few voices of reason in these comments.

@paulstein916 5 месяцев назад

Agree 💯

@patrickwal55 5 месяцев назад

We often forget that we are also speculating on stocks and the strength (or lack thereof) of fiat currencies.

@leesprout5820 5 месяцев назад

Or you could buy the asset your self.

@davidfolts5893 5 месяцев назад

No, Warren Buffett’s comments regarding crypto and rat poison are definitive.

@mikewasserburger9662 5 месяцев назад

You are my hero! Love to hear a voice of sanity in the Sea of insanity.

@an0nguesst 3 месяца назад

He is clueless, you may think you got an educated opinion on the subject. You didn’t. Pick up a book and do your own research

@williamstares7542 5 месяцев назад

This video could of been made 10 years ago. This is mostly misinformation. Its the best performing asset class 10 years out of the last 13. All you need to know.

@Hboogie182 5 месяцев назад

Bitcoin's been alive for 15 years but traded on the market for 14 years. It's had 11 years of positive gains, and only 3 years in the negative. I bet it's gonna continue to be the best performer for the next decade.

@shanetate8754 2 месяца назад

BTC spot ETF’s are the fastest growing in the history of ETF’s now too. That’s why I always tell my friends it’s still early. Invest with caution and a small share. But I think everyone should first read up on and educate themselves on BTC from several points of view. Step out of your echo chamber!

@ginniechristopherson 5 месяцев назад

Bitcoins only purpose is a long-term digital store of wealth, it's not supposed to be a medium of exchange. Kind of like saying a ruler has no use other than to measure distance. BTC digitally measures wealth and can't be deflated away by governments.

@mikecorrigan4135 5 месяцев назад

Is that you Michael Saylor? :)

@furyofbongos 5 месяцев назад

That's not what the original white paper said. The "store of value" trope was thrown out there by holders realizing BTC failed miserably in it's intended purpose as digital cash.

@blexaarron 5 месяцев назад

⁠@@furyofbongoshow did it “fail”? You can use it exactly what it’s meant for, a Peer-to-Peer Electronic Cash System. Its properties just happen to make it a store of value. Just like the unique properties of gold.

@timsans1170 4 месяца назад

@@blexaarronUntil..... IT'S NOT!

@blexaarron 4 месяца назад

@@timsans1170 can you elaborate? I’m noticing a theme in the comments….people make claims that are pushed by mainstream media but then can never elaborate beyond that.

@user-no2ei6dp2q 3 месяца назад

Look back on this video 5 years from now and weep because you only invested 5% in btc😢

@an0nguesst 3 месяца назад

He didn’t invest any. He is a NPC parroting MSM talking points. He would have told you the internet was a fad 30 yrs ago

@DerekDDuval 5 месяцев назад

Lol, used for criminal activity 😂. Maybe 10 years ago. Now it’s the worst thing to use as its the most easily trackable. Love the channel, but pls do proper research :-)

@furyofbongos 5 месяцев назад

IMO, BTC is little more than a Ponzi anymore.

@DerekDDuval 5 месяцев назад

@@furyofbongos Anymore? I’d argue it’s becoming less of a ponzi as time goes on, not more. Or, if you understand what a ponzi scheme is, it’s not a ponzi at all obviously.

@tombaker501 5 месяцев назад

They are not ETF’s, they are ETP’s which is different….

@janc.8197 5 месяцев назад

I feel the same way about BC ETFs as I do about buying lottery tickets. Neither are investing.

@hotgarbage926 5 месяцев назад

I can't tell you enough how much I hate this crypto movement. It's so stupid, putting your money in something that, by the end of the day. You have nothing to show for. There is nothing that's backing crypto. It's just a he says/she says investment, it's a casino. But one thing I can't deny. There are just too many people with more money than sense. We have people paying out the bum for gamer girl bathwater, fart in a jar, and OnlyFans. There are some stupid money to be made in this market. I'm slowly starting to dip my toes in these ETF (IBIT). Like how bad can it possible gets?

@shanetate8754 2 месяца назад

I actually agree with this for the most part. I started investing in crypto in 2016. I’ve made many mistakes along the way, made some money as well, but what this exposure has done for me is strengthen my conviction with BTC. For the past 2 years I’ve stuck solely to BTC. I learned how to properly store and self custody it offline. I buy it every week in a DCA fashion and it removes any emotion out of it. It’s been by far the best performing asset in my portfolio and may actually give me a chance to retire on time now. Obviously only time will tell. I am definitely a believer.

@W0RLDP34CE 5 месяцев назад

Choice in important.. people have been locked out of the best performing asset in their 401ks for way too long. The SEC failed Americans and Vanguard is making a mistake. People are leaving - as they should.

@ratipati2007 Месяц назад

Vanguard is doing quite wrong. It should have left to investors choice to buy or not to buy. Instead they are doing parenting so to speak. I moved my retirement to Fidelity. Vanguard does not deserve my business

@veritas3179 5 месяцев назад

I don't and never will buy bitcon. Putting my hard earned money into this criminal virtual imaginary nonsense. Looks like I need to close my Fidelity account. Thanks Rob

@dominichoward4833 5 месяцев назад

You think your cash and stocks are "real" 😂... these haven't been real for a looooong time.

@TonyCox1351 5 месяцев назад

@@dominichoward4833 cash and stocks are definitely more real that BTC. Stocks at least you're investing in a real company that creates real products and generates real revenue, and cash is accepted everywhere, in every store, by all your peers, and by the US government. So while I concede that there is a high degree of speculation in stocks and to some degree cash, BTC is mostly pure speculation so its not really a good comparison.

@harrychufan 5 месяцев назад

You’re going to close your Fidelity account because they offer a product you won’t use? Seems a little much no?

@dwights1464 5 месяцев назад

Better not shop at Amazon either since I'm sure they offer things you absolutely don't think are good to purchase.

@alex182618 5 месяцев назад

Absolutely correct. Crypto is an emptiness invented by con artists

@mikelind2762 5 месяцев назад

Get out of Vanguard. Any BTC ETF you purchase now and get at least some exposure in your portfolio will increase your sharp ratio. Basically, you will not lose as long as you have an investor mindset for 2+ years.

@Lazirus951 5 месяцев назад

have fun with that

@jan2000nl 5 месяцев назад

Not sure how you watch this channel and yet come to that conclusion Mike.

@user-hw5oz9xm1v 5 месяцев назад

@@jan2000nl well you don't watch just one channel of one dude with one opinion about something you diversify like in your portfolio. I follow a lot of stock channels to understand stocks and etfs even tho i'm a BTC guy

@randolphh8005 5 месяцев назад

As a speculative asset it is fine. That means with money you don’t need! I have BTC, it is not part of my retirement plan, but I do believe it may have substantial gains. It could still fail. Having a few thousand dollars in it at this point isn’t quite diversification yet, but it is getting close. If it goes well I will be smart, if not I won’t. The fact that we now have ETF’s obviously significantly legitimizes it. BTW it is a medium of exchange and wealth preservation on the margins for people who can’t access stable money.

@jan2000nl 5 месяцев назад

@@randolphh8005 It’s a castle in the sky investment. Need to be good with timing your exit, else left holding worthless assets