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How To Earn 8% Yields In A Zero-Interest Rate World -With Cryptoģ Easiest Ways To Buy Bitcoin - Without A Crypto Exchange Accountįed Money Printing Fuels Crypto Boom - Just As Crypto Gets Easier To Buy Well, if Bitcoin captures only a third of gold's safe-haven business, it's going be trading near $180,000 - roughly a 20-fold increase from present levels.īottom line: If you think unlimited money-printing is going to send safe-haven assets blasting up - which is clearly what GBTC and Paul Tudor Jones are betting on - Bitcoin is the one safe-haven asset with the most profit potential.Ĭheck out Weiss Crypto Ratings and Indexes: A mere pittance compared to the world's above-ground hoard of gold - which weighs in at a hefty $9 trillion.īut as the financial world discovers Bitcoin's true potential as safe haven asset, it's going to have a lot of catching up to do. Yet Bitcoin's total market cap is only $175 billion. Never has a financial asset been more easily concealable - than this.Īdvantages like these arguably make Bitcoin a better safe-haven investment than gold itself. The only physical manifestations of your Bitcoin ownership are the character strings that comprise your wallet address and private key. And unlike gold, it is virtually unconfiscatable. It moves via the Internet at the speed of light - at near zero cost. And even then, nothing keeps a hostile government from sending soldiers to seize it.īy contrast, Bitcoin is weightless. Plus, you need an expensive steel vault for safe storage. To transport it you need to hire guards with guns.
But gold is heavy (70% heavier than lead). It has a hard ceiling on the maximum number of coins that can ever be created. But now, there's a new kid on the block: Bitcoin. This is further confirmed by anecdotal reports the "smart money" on Wall Street is finally starting to pour money into crypto.įor example, legendary trader and Forbes 400 billionaire Paul Tudor Jones recently told CNBC he's putting 1% to 2% of his assets in Bitcoin.īased on the size of his hedge fund (Tudor BVI - with $21 billion in assets under management) that comes to a whopping $210 million and $420 million.Īnd with the Federal Reserve printing $2.9 trillion in just 13 weeks, this river of paper money seems set to flow even faster going forward.įor centuries, investors losing confidence in paper currencies have turned to gold as a store-of-value. That makes money flowing into it is one of the best indicators of institutional interest in cryptocurrencies.įigure 2 shows the weekly flow of funds into Grayscale Bitcoin Trust from April 2019 to March 2020.īetween the third quarter of 2019 and the first quarter of 2020, the amount invested in more than doubled - from $388.9 million to $818.5 million. Roughly 88% GBTC shareholders are big banks, hedge funds, and big-foot professional investors. It reminds us of what happened to gold prices after the first gold exchange-traded funds (ETFs) opened the door for investors to buy bullion in the stock market.Īnd you should look for even bigger gains as GBTC opens the floodgates for anyone to buy Bitcoin "in the stock market." Grayscale Bitcoin Trust (GBTC) shares - each equivalent to 0.00096086 BTC - trade freely over-the-counter, so anyone can buy them.
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