Header Ads

If you want to bet on Bitcoin, bet on Bitcoin

Bloomberg

Bitcoin Stocks Are Possibly the Dumbest Bitcoin Play — Tim Culpan

If you believe in Bitcoin, you buy Bitcoin. And if you're wary, you stay away. That's about the simplest way of calculating your investment options when it comes to the world's most infamous speculative bet.

Of course, you can join the hordes of Telegram and Reddit groups claiming to understand and predict the twists and turns in the cryptocurrency's price, making you just that much smarter than everyone else. Well done.

But there is another option: Invest in stocks of Bitcoin-related companies, including those that supply the "miners" — the computers that solve the complex algorithms that underpin the cryptocurrency network. That is, buy shovels in a gold rush.

That could be the dumbest bet of all, though.

Read the whole thing.

Meghan Markle Strikes a Victory for U.S. CelebrityMartin Ivens

Modi's Plan to Make a Singapore in Gujarat Has Fallen FlatAndy Mukherjee

Bitcoin Rally Sends 3 Signals to GovernmentsMohamed A. El-Erian

Stop Worrying About Extremely Unlikely Covid RisksFaye Flam

SPAC Investors Don't Love LucidMatt Levine

The Four Basic Truths of MacroeconomicsTyler Cowen

China's Weaponization of Rare Earths Is Bound to BackfireDavid Fickling

A Banking Breed Is Heading For ExtinctionElisa Martinuzzi

Britain Is Entering a Parallel UniverseNiall Ferguson

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership.

 

Like Bloomberg Opinion Today? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.

Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more.

 

No comments