Just like gold, you can get exposure to BTC price fluctuation without having to hold it in digital form.
Before deciding which is a better investment for you, gold or Bitcoin, look at the risk-reward ratio.
The only way banks could print money was if they kept an equal amount of gold reserve or foreign currency reserve.
But then the precious metal went into a long-term downturn, as the 2009 financial crisis led to the rise of fiat currency.
In 2009, Bitcoin was developed to serve as a means of exchange and a store of value.
It still has a long way to go, as regulators fret over the use of BTC in money laundering and terrorist funding.
Purpose Bitcoin CAD ETF is Canada’s first BTC ETF, and it has led to the launch of two more ETFs.
While BTC has potential, it is volatile and risky.
If the answer for all three is yes, you are ready to invest that amount in BTC.
But you can overcome this issue with the Purpose ETF, which buys and stores BTC and gives you units.
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