I'll admit it, I've been tempted to jump into the cryptocurrency space. But I haven't because of the negatives associated with digital currencies like Bitcoin (CRYPTO: BTC). That was why the iShares Bitcoin Trust ETF (NASDAQ: IBIT) was so tempting to me, since it seemed to offer an easy way into the crypto space.

iShares' exchange-traded fund (ETF) does make it easy, but what it doesn't do is change the negatives associated with cryptocurrencies. And the iShares Bitcoin Trust ETF comes with its own problems, too. Here's why some investors might want to buy it, and why I won't touch the iShares Bitcoin Trust ETF with a 10-foot pole.

One of the most notable drawbacks associated with buying cryptocurrencies can be the complexity of the buying process. If you think a wallet is something you keep in your back pocket, well, you might not be ready to buy Bitcoin. And you don't have to be a Luddite, like me, to find the whole thing kind of baffling. The marketplaces that have sprung up around cryptocurrencies were created from the ground up. It is a bit chaotic and, seemingly, unnecessarily complex as the relatively new industry continues to try to hash out a standard business model.

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Source Fool.com