Buy This Instead of a Bitcoin ETF
Describing Bitcoin (CRYPTO: BTC), and many other cryptocurrency assets for that matter, as a momentum trade has been an understatement over the past year. Over just that 12 month window, Bitcoin's value tripled in the first four months, sank more than 40% over the subsequent three months, and then soared up 90% before reversing again in recent weeks.
So while many Bitcoin investors may be thinking about long-term possibilities, it's clear that there are plenty of factors driving its near-term volatility. That's important to know for investors who are looking to have exposure to the largest cryptocurrency. Some may think an easy and less volatile way to gain that exposure is through a Bitcoin exchange-traded fund (ETF). But a look under the hood may have those investors rethinking that strategy.
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Source Fool.com
