Bitcoin Spot ETFs, a Suitable Investment Option for Grandpas

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Three days have gone since the SEC approved the Bitcoin Spot ETFs to start trading. A lot of people expected that the approval would see the whole world pouring money into the new market that would see the price of BTC go to the moon. But, hell! That never happened, the whole world didn't jump into the new market, nor did the price of BTC rise. Instead, the price of BTC has been tanking since the approval.

While the majority sees the BTC ETFs as an open door to bring in more money into Bitcoin, most crypto nerds think otherwise. To them, the BTC ETFs are only a good investment option for grandpas who do not know much about crypto and just wanted a way in because of what they have heard BTC can do in making more money for those who invested in it.

I couldn't agree more, firstly, not many people can handle the responsibility of self custody. Only the nerds are comfortable with that with their $10k portfolios. Grandpas who have saved 500k in his 401k plan Bringing that money into Bitcoin aren't ready for self custody. This is one thing that makes the BTC ETFs a suitable investment option for such people. The only way to get grandpas to bring their money into Bitcoin is to make it simple, secured, and quick for them. The Bitcoin Spot ETFs provided that.

Grandpas know nothing about Blockchain technology, and wouldn't want to bother about it. He isn't ready to hear about a ledger wallet to store assets securely, he isn't ready to deal with the fear of losing his 24 seed phrase, he isn't ready to deal with private keys headache or dealing with frequent updating to ledger wallet. The ETFs managers can worry about that if any. He's concerned about profits increasing from his ETFs shares. Grandpa has got a tension and less risky way to have a taste of what BTC can do.

I love the idea of an ETF, especially for the benefits of those grandpas. Managing wallets keys is not for those who are faint in heart. Even some of us who claimed to be a little tech-savvy and understand Blockchain technology still find it hard to deal with wallets securities, let alone grandpas who are near their retirement.

How would they deal with wallets' seed phases backup? Write it down on paper as we have been told? How safe has that been, when most people have lost access to their assets due to a loss of seed phrases of their wallets? Can they use a hardware wallet? What about the cost of buying such wallets and the challenges of setting up a strong password and to always remember it? The whole thing is just too complicated for a grandpa. The ETFs doesn't have any of the above mentioned issues, just with a click of a button, they can safely invest in BTC ETFs without ever having to worry about losing access to their funds. With the BTC ETFs, grandpa's funds are safu.

Tradfi, for all that we hate them for being in crypto, solves the security issues, which makes the BTC ETFs appealing to non tech-savvy people. In tradfi funds are tied to a person's identity and verified by a trusted third party - the government, not to some ambiguous seed phrases. With the BTC ETFs, the fear of losing assets or funds to hackers in whatever ways is completely removed. Hence, why it's the perfect investment option for grandpas.

In conclusion, the BTC ETFs is a great investment option for grandpas who are not ready to deal with wallets securities or Blockchain. The only way to get them into Bitcoin is to make it easy, secure, and fast.
The BTC ETFs has all those qualities. Grandpas doesn't have to worry about the security of the ETFs underlying asset, The BTC ETFs are as secure and as long lasting as the BTC itself.

Posted Using InLeo Alpha