SPY

MisterPink

Support isn't a real thing for crypto. We follow SPY unless we're in the euphoria phase of crypto, where we decouple. TA needs to be done on SPY.

biba8163

> Holding NVDA You're right about NVDA outperformance but I really don't compare BTC to individual stock picks. Individual stocks can have insane runs with company growth, tapping new markets, etc. BTC is an asset class onto itself and as a diversifier in my portfolio. This is how BlackRock, Fidelity and other institutions present BTC to TradFi investors. It's generally an asset class that has less correlation with other traditional assets such as stocks and bonds. If you start from Jan. 2018 (because it's just silly going back to 2009-11 when BTC was pennies to show it's gone up 10,000% or some ridiculous number) when BTC was around $13.5K, coming off ATHs and was a large cap, BTC has outperformed all the big asset classes by a huge margin. This also includes every single large cap crypto stock in the time frame, all of which with the exception of ETH have actually lost USD value. It's amusing to see people espouse Bonds and TIPs (Treasury Inflation-Protected Securities) as inflation hedges when they actually have lost money over 7 years. Next to those, REITs and Gold have been the next shittest investments. BTC has performed amazingly in the high inflation environment of the 2020s. The mistake people make is looking at CPI which is have year-over-year inflation and CPI statistics shows things are more expensive this year than last. It doesn't mean BTC has to immediately spike up and provide protection this year. NOTHING is guaranteed to do that. But just look at how BTC has performed over the time period of years during inflation compared to Gold, TIPs, Bonds, REITs and even Stocks. | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 7yr. |:-----------|:-------:|:------------:|:-----------|:-----------:|:--------:|:-:|:-:| | BTC -73% | BTC 92%| BTC 303% | BTC 60% | BTC -64%| BTC 55% | BTC 130% | 640% | SPY -6.6% |SPY 30.4%| SPY 15.7% | SPY 26.6% |SPY -19.6%| SPY 23.8%| SPY 25% |160% | QQQ -0.6% |QQQ 42%| QQQ 47.4% | QQQ 26.9% |QQQ -32.8%| QQQ 53.5%| QQQ 28.8% | 214% | GLD -2.7% |GLD 17.7%| GLD 24% | GLD -6.05% |GLD 0.5 %| GLD 11.6%| QQQ 26.5% | 67% | REIT -4.6% |REIT 25.9%|REIT -8.1% | REIT 43.2% |REIT -24.4 %| REIT 13.7%| REIT 7.7%| 21% | TIPS -1.4% |TIPS 8.3%|TIPS 10.9% | TIPS -5.5% |TIPS -12.1%| TIPS -3.7%| TIPS 1.6% | -6.2% | AGG -0.1 %|AGG 8.4 %| AGG 7.5% | AGG -1.8% |AGG -13% | AGG 5.7%| AGG 1.38% | -11.1% SPY - S&P 500 Large Cap Companies Index ETF QQQ - Most Popular Tech ETF GLD - Most Popular Tech ETF REIT - Tracking Blackrock iShares Core U.S. REIT ETF (Real Estate Investment Trusts) TIPS - Tracking Blackrock ishares TIPS ETF (short, mid, long term Inflation Protected Securities) AGG - Tracking Blackrock iShares Core U.S. Aggregate Bond ETF (Investment grade and corporate bonds)

Nimoy2313

I’ve thought about adding QQQ and SPY to try and diversify so all my assets aren’t Bitcoin. But then I just buy more Bitcoin. I think I’m going to buy some Bitcoin miner stocks eventually.

Willing_Challenge429

you know what must be done - 1k on SPY 0DTE til u make it back

sklantee

I first bought Bitcoin in 2011 so I thought I was smart enough to time the market. I loaded up on FBTC in my 401k the day it was approved and I started slowly exiting my position, assuming it would crash after going parabolic, at 85k. I should not have done that. I have bought and sold Bitcoin so many times over the years but honestly at this point I am never selling again. It's clear that it is not going to zero and it's almost certainly going to do as well or better than $SPY.

z-a-c-h--

Where would you recommend I trade and hold crypto? I’ve been using Crypto[.]com without issue but i’ve noticed it doesn’t list markets like TSLA, QQQ, NIKE, SPY, etc etc. Which are commonly recommended

PeachScary413

If you sold your house and put everything in SPY 0dte calls today at the bottom you would prolly have the same amount of money as he does... does that make YOLOIng your life savings and house into options that expire the same day a financial responsible thing to do? Hell no

10000trades

SPY options

dataCollector42069

Unfortunately, I work in the financial markets and have to deal with pre trade clearance and holding rule stuff. Too much of a pain in the ass compared to just accumulating SPY

drippycheesebruhh

You sound like you’d be fun at parties. If you aren’t able to see the value in something like bitcoin then why are you even here? Just because everyone else is? Maybe you should be investing in SPY

tf2014s

You are right about the SPY growth rate. You will gain more if it stays at 20% (or even 8%) growth until the next BTC 4-year cycle. But we don't know if the economy is booming or not. We don't know the economic impact of 100% tariffs, Federal budget cuts, changes in immigration policy, etc. (By the way, I am not saying these are good or bad. I invest with the information). In the short run (2 years), SPY may go down. But the money market will stay the same, at least. Then, we can buy FBTC back at the bottom of the 4-year cycle ( Fall 2026) FBTC (none of the US BTC spot ETFs) don't let you convert to BTC. ETFs in Hong Kong lets you convert to BTC.

yldf

I find nonsense terms like alt season or people insisting there is a four-year cycle of Bitcoin caused by the halving completely ridiculous. But crypto is so volatile, why do people think it’s noteworthy if something goes down 10%? If it’s SPY, perhaps, but for crypto that’s normal volatility…

Interesting-Pin1433

Yes, I have a Bitcoin ETF, specifically fidelitys FBTC. My understanding is that it is possible to self custody BTC directly in an IRA but you have to do additional paperwork for that. Unless you need the money in the next couple of years, a broader market ETF like SPY or VOO will be better than a money market fund. Money markets are what, around 5% right now? SPY has been crazy like 20-25% the last few years. Historical average is something like 8% I think?

tf2014s

1) How do you hold Bitcoin in your IRA? Do you mean ETFs (IBIT, BITO, etc)? 2) I am thinking of selling my BTC ETFs and holding it in the money market account. Do you think growth ETFs (SPY, VOO) etc are better?

xXShadowAssassin69Xx

This is literally nothing. Bitcoin is down less than SPY

CohibasYMamitas

If it's any consolidation I think a day where everything is fucking bleeding (SPY included) Bitcoin's volatility is somehow only ~-5%

Giozos1100

Powell says exactly what everyone knows and expects: SPY loses over a month of gains in a 2 hour block. Lol

Della86

Next stop, SPY @ 650b

ToastedButter93

Why must the regular market fuck with my coins, half my shit dumped right at 12:45 with SPY

enfj4life

At least as a BTC maxi, you know (with a good degree of certainty), that BTC will always trends upwards in the long run like SPY - barring any black swant events in the short term. With alt coins you get none of that certainty.

advias

How are you going to offer SPY stock without having the ability to offer the SPY stock to investors? There are regulations against this and some of the state by state licenses requires can cost millions to get up and running. Just look at all of the licenses coinbase has [https://www.coinbase.com/legal/licenses](https://www.coinbase.com/legal/licenses) Now unless you mean buying RWAs like mirror did, sure, but that's risky. If you want true RWA's like Circle does with USDC backed by USD, then it requires regulatory requirements

KryptoSC

That would be huge. MSTR is not a profitable company, earnings-wise, so they are not a viable candidate for S&P at the moment. QQQ is a $300B ETF. The 3 largest ETFs for S&P (SPY, VOO, IVV) total $2.5T and there's other S&P ETFs.

Broad_March386

SPY also doubles in value every 5 years. Put your money in that or anything that gives you 15% annual returns and you double your money every 5 years. Put it in good ETFs and you get 25% - 33% annual, giving you a 50% to 100% growth in wealth every 5 years. All better options to insure yourself against inflation than putting your savings in a speculative meme asset

mako1178

How about dividing that risk between ETF and BTC? I'm assuming you are investing into SPY etc, and if so the good news is that it has been on a perpetual bull run even with all the financial crisis in 2008, 2019, 2022 and any other years I might have missed out. So ETF (SPY as an example) is a safe bet over that 20/30 years with remarkable returns. BTC is where you want to outperform everything else and so it's worth putting in a pot there, but if I were you, I split into 2 pots for that 15%.

TtradesTOwin

Time will tell. I have been buying bitcoin since 2014 and it has worked out pretty well for me so far… your logic is deeply flawed. Just because I could have bought more gold, SPY, real estate, bitcoin, or countless other assets for less in the past is a terrible treason not to invest in these wealth building assets today. I own all of these and will continue to accumulate them (even at today’s prices) because the timeline for me and my heirs is a long one… good luck!

CyberInu4200

It pushes the floor higher and makes it less likely BTC goes away and early holders lose money. Unless you bought a couple of them back when they were under 1k it won't give you financial freedom the same way as buying SPY ETFs won't. As a currency it serves 0 purpose. Stablecoins would be way better. XMR is great as a currency even with volatility. The problem with XMR is there is almost no way to make money from holding it and almost no legal ways to make money using it. Look at what happened to namecoin and peercoin that were among the first crypto. Completely dead. BTC surviving was honestly just cause the deep web was using it as intended and that raised the price which brought corpos, investors and retail in. It had early adoption, which namecoin and peercoin didn't. Even DOGE had early adoption even if it was in the form of: lol this dog money thing is cool. It exists as a symbol of the whole crypto infrastructure. If it fails 99% of the other ones will fail. Lol maybe just XMR would be left. Tl;dr: BTC is more like an ETF at this point. The whole crypto industry is like the stock market. You dump on the other people when you need liquidity and then hope that all of you don't dump in the exact same time so that you can buy back in when you've used the liquidity to generate more liquidity. You keep the assets because you don't lose money to inflation.

PM_ME_YUR_REPENTANTS

My entire portfolio is less than I can afford to lose for this reason. Intitally I started with 1k and never put an additional cent, so ultimately I cannot lose more than 1k. Once in a while I take profits out and place it in SPY. Funny enough even with 1k Intitally invested in still down over 3k today.

Sammy4fingers

He should put it all on Bitcoin. Alts are all a crapshoot. Obviously the folks suggesting the majority on ETFs like SPY and a portion to BTC are taking the most level headed approach. My personal approach would be to hold a Bitcoin etf in a tax sheltered account. At 22 he's young enough to take a big risk. Could opt to hold some SPY in the same account.

bemyantimatter

If it were my money I would buy a Trezor for $40, then DCA into BTC and open a brokerage to buy S&P 500 (SPY ETF). You can decide the percentages.

bemyantimatter

If it were my money I would buy. Trevor for $40, then DCA into BTC and open a brokerage to buy S&P 500 (SPY ETF). You can decide the percentages.

Hijkkdel

This isn't investing advice, it's just what I would do/did. Probably not all in, it's still a risk technically. So I wouldn't put all leftover money into bitcoin. Since you're debt free, if I were you, I'd start out with with building 6-12 months of an emergency reserve. In case you lose your job, make sure you can afford expenses with liquid cash for at least 6 months, or 12 if you want extra security. After that, I would set aside a certain amount to invest into VOO, QQQ, or SPY. Historically, this has been good. After the next 3-6 months of investing in diversified ETFs, then consider buying bitcoin every week or every paycheck (DCA) (Still buy ETFs during this process) Regardless of what the price is, buy whatever you're willing to lose, and do not sell... ever. Don't look at how much you gained or how much you lost, for both the ETFs and bitcoin. Consider that money spent and can't be used for decades. If you're disciplined, this should be your mindset. The only time to sell stocks (ETFs or bitcoin) is when needed for a life change or to replace your income. People have a low time preference, don't fall in this category. This is why 401k is a thing, it prevents the ability to cash out without major penalties before 60. Just DCA and hold until you absolutely need it to replace income or invest in a major life change like house, starting a business, car, family, medical emergency, etc. If you research bitcoin and believe in the future of its potential, since you're only 32, try to put yourself in the mindset of using Satoshis as payment instead of exchanging it for USD (or whatever country currency you use) in the future. It's relatively unlikely paying in bitcoin will happen in our lifetime, but it is possible. Our lives are digital now, so digital money is on the table, after 15 years of bitcoin, it's more likely it will succeed than it is to fail at this point (at least I think) Extra advice : Do not get into debt again besides a house. Utilize insurance in case of emergency Get a hardware wallet, don't trust an exchange. Coldcard, trezor, or ledger. (Ledger has had some bad news surrounding it lately, so do you're own research) Educate yourself on bitcoin. Understand what it is and how it works. Look into things like UTXO consolidation, transaction fees, address privacy, hot vs. cold wallets, etc. Recognize money is a tool, not a goal. Figure out what you want to do with the money before spending all your time earning it. Time is the most valuable thing, kinda like bitcoin, it's finite lol.

sreaka

No, it's never smart to put all your meager eggs into one basket. Just diversify, if you want to have exposure to BTC buy the spot ETF. Max out your 401k and work a side gig to save in BTC or SPY or whatever.

StatisticalMan

I like Bitcoin but no need for false lowballed claims VOO/SPY average over the last 10 years is 13.8%, 15.9% over the last 5, and 33% over the last year. For me it isn't either or it is both.

thesauciest-tea

What do you mean? Like bitcoin etf specifically or in general? ETFs are the most common type of security invested in. VOO, SPY, VTI, VNQ ect

nihilisticparadise

Pretty sure we still have quite a ways to go. Just hodl the top 10 and invest in SPY or QQQ, work your butt off too and you should be fine.

PM_ME_ONE_EYED_CATS

Everyone has their own risk threshold. eg. cefi people would probably say the same thing to you with SPY/VTI. There's way to make and lose money with everything.

HerefortheTendie

Don't worry there will be a rug pull at some point and everyone will be doom and gloom. That's when you buy. Just zoom out on the SPY chart at Max, all the dramatic recessions are just tiny corrections on the macro scale.

Gen-Z-Hero

>Still early signs… I disagree. Gold is with us for now 50 000 years? or more? And you can still find people who says it is not good for anything. There will always be nay-sayers, doesn't matter that you show othem graphs, doesn't matter if you sit down to talk with them in good faith, argumentation doesn't have any effect on them, their ego are so deeply invested in the world view that Bitcoin is a potentional threat that they will do anything, and absolutely anything to defent that world view. Check out the buttcoin sub. It is not a debate sub, it is a hate group. He who says "I know everything" has no space for knowing more. And oh boy, these people surely knows they know everything. Look at how that guy in the post tries to detuct Bitcoin in 20 sentences where in reality we can write whole books about it. Laughable. Ignore the noise. This is part of living, we are not the same, people will left behind, just like in nature. Survival of the fittest. Let the fiat lovers buy bonds and SPY, their cake, good apetite.

Silver-Rub-5059

I’ve been putting some into SPY to keep the wife happy but I feel it’s a complete waste when I see how my Bitcoin has performed since 2017.

holdmysugar

There is so much ignorance about crypto in general that this doesn't surprise me at all. Even amongst people who are supposedly financially literate. They treat it like it's the riskiest investment of all time. To me, it's one of the safest stores of value I own, and I have plenty of SPY bro lol. I have a friend who comes to me asking for stock picks and investment advice. I've given him some good winners too. He asks me if I'm going to sell some of my bitcoin ever, and my response has always been the same. "If I knew somewhere better to put my money right now, I would for sure."

advias

This isn't how you invest though. You should be taking your monthly salary and putting it into a basket of assets like BTC, ETH, SPY, stocks in general, and continue to grow it over a 30-60 year period

grapedog

I'm not a big fan of 12%, but Ive been rolling the SPY for a while now and averaging 20%+ for the last few years. Though I also have BTC as well and will continue to.

ihatejackblack234

You’re getting downvotes, but you’re right. If you invested in Bitcoin at it’s height in 2021 you would be up 1.5x. If you invested at the bottom of last cycle when bitcoin was at $15k you would be up 6x-7x right now. Crypto isn’t your 401k where you invest a % of your paycheck into SPY and see dividends and compound interest. The swings of the crypto market have been much more dramatic and timing your buys can make a big difference in your gains.

xlvi_et_ii

I don't believe so. The IRS considers BTC to be an asset that you sell a part of when you buy something with it. It would be like holding SPY in a brokerage account and then selling a chunk to pay for something - you still owe capital gains taxes in the small chunk of SPY you sold.

borald_trumperson

It's funny you talk like an injured martyr but if you had listened to the boglehead and just put it in a SPY ETF you would be way way ahead of where you are now. It's up >250% since 2014 excluding dividends You should have listened

C-Dull

Looks normal so far, and SPY is green so I don’t think there’s any news we are missing. But let’s see if it persists throughout the day.

AlwaysMooning

SPY isn’t going up 32% EVERY year. This is a completely regarded take. Bitcoin is up 130% this year if you just want to compare year to year. I hope you were being sarcastic.

Cuben-sis

Another words bitcoin is not the answer. 17% a year is crap. My SPY is up 32% this year.

Individual_Comb_6732

You got me pinned fella. God bless you. I’ll sell and invest in SPY

Mother_Ad_645

Put $500 every 2 weeks into a couple different funds (SPY, VTI, VXUS, QQQ, etc) Don’t take it out

Capital-Bet7763

The real advice is put it in an ETF like QQQ or SPY and watch it grow at a reasonable pace with lower risk

True-Whereas6812

Look up the ticker symbols SPY or VOO

antirheumaticMalta

Well, you already have that option now as well through a savings account. Also DCAing into SPY or VOO and forgetting about it for 20 years works pretty well for the average Joe. There's no need to follow the market all the time as this guy claims, and doing so only tends to result in bad financial decisions for most people. So he's just fighting a straw man there. More fundamentally, he's confusing changes in money supply with [real interest rates](https://en.wikipedia.org/wiki/Real_interest_rate). You can have high real interest rates even with fiat currencies and expanding money supply (as in the 90s). You can also have constant money supply (with BTC) but negative real interest rates, which we don't want. I've just taken a look at the economics literature on this, and there seems to be consensus that changes in money supply have no long-term effect on real interest rates.

advias

The future of RWA's are going to be offered by banks likely. The regulatory hurdles to go through to mint something like a SPY stock onchain backed by real stock is not going to be a cheap thing to do. I really don't think the future of RWAs can really be invested in just like you can't invest in Circle who does USDC which is technically a RWA.

Mathguy420

10% cash, 20% SPY, 70% BTC

Digital_Scarcity

Well, there is no true risk free rate. All rates come with risk. Don't want to lend BTC and don't have a house to leverage? Take an unsecured loan instead. Don't fuck with defi - Metamask and the like is a grifter's dream. In addition, you also have to acknowledge that while diversifying your portfolio reduces "risk" a.k.a. volatility, you also lose the performance you get from concentrated capital. An example of this is diversifying out of BTC into SPY. You're selling the faster horse for a slower one to "reduce risk", but ironically you risk underperforming. And sorry, but everything we're already doing *is* the real economy.

dropsloptop

Also I would not love SPY, although I can see how my comment here without context makes it seem that way

AlwaysMooning

You’d love SPY.

HistorianStrict

That’s the thing with predictions is they are supposedly not a guess fantasy game. Based on some analysis that has been accurate previously. Has worked previously. But then you could be testing new theorem. Not does history repeat itself as it n the even though it the “cliche” I don’t know that history always has to repeat itself. It’s a saying. Maybe it happens often, but not always. I asked a trader if the SPY, that has overperformed its avg for last 2 years. 43%. Does it have to revert to the mean ? That would require a very strong down move or a long sequence of below avg. or has the average changed? In the way we have Ai, crypto, ev, robots and more to come. And stock prices themselves have increased much higher in recent years. Does that multiplier for the avg hold because of history or can it change to a new multiple. So I ask myself that one and don’t know. I have read very few accurate predictions and the very few were more like the clock is right twice a day. There wasn’t any regular accuracy. Predictions are more than likely guesses. Graphs don’t necessarily create credence. As so predictors show them.

JLivermore1929

Wouldn’t the policies strengthen the dollar? So buy puts on QQQ or SPY.

Interesting-Pin1433

>  "People who use fiat currency, as a store of value, we call them poor." Yes, because the only options are Bitcoin for fiat. There is no other investment one could use, like broad market funds. Don't get me wrong, I'm heavily in BTC, FBTC in my IRA and even a bit of MSTU. But there's nothing wrong with taking Bitcoin profits and investing in something less volatile, like SPY.

According_Brick_8183

You’re gonna have an amazing life if you have income and invest at 13! Diversify into ETFs for the peace of mind. No one knows what will happen with crypto, 70% drops are gonna be real tough to stomach when you just want a reliable car or to go on a trip. With ETFs or SPY at least you have some guaranteed gain you can rest easy with.

advias

Would you take profits on SPX/SPY? Just keep buying as you gain income. BTC isn't going to make anyone rich anymore, it's now an investments vehicle

True-Whereas6812

No particular reason. I just buy my SPY and BTC at the end of each month, it’s a habit now

JamesScotlandBruce

There is no demand to spend it. Why would I spend it when it gains 50-60% AAR? I'm just throwing money away. It would be akin to selling my Nvidia shares a few years ago to buy dinner. Not clever. However unlike Nvidia it does have the ability to be used as a payment system and new solutions can be created. But as I explained there is currently no demand because it is still giving fantastic returns. When/if it settles to a more modest 5-10 % AAR only then does it make sense to spend it. Effectively when it gets to the levels of the SPY or lower. A few cycles yet. 😀 Innovation and implementation of payment systems will be led by demand and the demand will arrive when it is no longer the best investment on offer.

Time_In_The_Market

My wife and I have been in finance our entire careers, retired at 44 & 40. We’ve been traveling the world for almost 2 years now and there are plenty of places we’ve been that accept rent in Bitcoin and it is actually preferred to the local currency when purchasing big ticket items like cars or homes. Mutual funds used to dominate the investment industry with high fees. SPY came into the market in 1994 and how long did it take for ETF’s to dominate the market? Things are always changing and it isn’t overnight. Look at the evolution of the internet. People said that was just for chat rooms and email when it first came out too. We still have a majority of our portfolio in equities but due to our travels and the people we’ve met along the way we allocated a portion to BTC. You may not understand it or like it but that doesn’t mean it isn’t going to continue to grow into something that will be very big. Look how many people use the same argument about investing in the stock market being “a scam” as the excuse for why they don’t invest. People having that belief about equities isn’t stopping all the others from preserving and building their wealth with them.

AntiGravityBacon

If you want a reference point, SPY trades almost 50x more than ETH. TSLA is almost 110x. 

inm808

Well yeah. Playing blackjack can also produce faster gains and losses than SPY What’s your point?

billyatlava

I recently sold my condo (which became a 2nd property after upgrading to a SFH) and rolled most of that capital into BTC. Owning it for 3 years netted me a total of 3.5% gain on sale price (obviously its a tough market rn).. didn't even cover the real estate costs. When you factor taxes, property management / maintenance, it's really hard to justify owning real estate as an investment IMO. I think it's one of those things where people are copying what worked in the past, and not looking to the future. But even so, investing in SPY will probably still outperform buying a house in most markets. Another factor other than CAGR is liquidity. Housing is insanely illiquid. Whats the point of having a ton of equity in investment properties if you cant access or do anything with it? After reading some more books on BTC in recent years, I'm now in the mindset that bitcoin will reprice housing / de-monetize it over the next few decades. Housing should be a utility not a piggy bank / investment strategy. If we had sound money it would've never happened this way.

didnotsub

Because it’s stupid to use bitcoin as a retirement tool. Put it all in SPY and it will beat inflation anyways.

HumidMind

Nice, and similar here in years of patience/stupidity after NOT taking profits and selling last bull. I got in in 2019. Dad been giving shit ever since, quoting Buffet and Munger and Schiff. Well I just sold down a couple hundred MSTR and screen shots were taken to show the unenlightened. Or not. Dad gave me huge shit about Saylor the scammer and I should've bought Berkshire and SPY funds. He gonna die at the 1900 to 2300% screen shots.

Brilliant-Elk2404

I bought a place to live and I will wait for you guys to create another round of inflation (CFTC started talking about having crypto as collateral 🤣) and for you guys to pump my bag. You are retarded it hurts. All you have to do is buy SPY with the money that you have left. Poof there is no inflation you can ride the wave. How are you so stupid?

Successful_Flamingo3

Fingers crossed the US take the plunge :). I kind of don’t understand why the US doesn’t also invest in SPY or something. Seems like a strategy that would benefit everyone.

I-Like-Art-And-Drugs

Ser they are here to maximize their returns by gambling on memecoins, not so the crypto version of the SPY.

GeorgeTMorgan

Just buy SPY

Dependent-Routine-80

I jut bought one share ☝🏻 I also have SPY and VOO But 90% is BTC

myke_oxbig45

I don’t think so. You can buy ETFs that track bitcoins return much like SPY for the S&P 500. IBIT & FBTC 2/3 largest ETFs that both offer considerably lower fees than Grayscale. You don’t own the actual coin however.

C-Dull

I like how BTC just doesn’t care that SPY is dumping

thatsamiam

I agree with Pasukaru0. I will add: If BTC reaches $100,000,000 it will mean that the value of $1 will be so low that you won't be able to buy anything with it A small transaction will probably cost $50. Seems weird, but I used to buy a pack of gum for 10 cents when I was a kid. Stocks, gold, real estate etc mostly go up due to devaluation of the dollar. At least it is a significant component of the appreciation. SPY increases a bit over inflation when gains/losses are averaged out over the years. Bitcoin is still appreciating due to being a new asset class. But the bigger it gets the more it will tend to do what gold, stocks and real estate do. But yes, layer 2 protocols are the answer to this issue even today.

TtradesTOwin

It will mainly give investors a lot more “options” while they are looking to benefit of the price movements of IBIT. Imagine if you could only buy or sell SPY, that would severely limit the depth of the market. Options buyers and sellers create liquidity that is an extremely important aspect of any financial market. This is a necessary step to allow this market product to mature and give the investing public the ability to express their views in a dynamic way.

Adorable_Yellow6175

It’s all bots to discourage the average investor from buying bitcoin and pushes VOO and SPY. Stock market is crashing major soon.

advias

Unless you want a full time job, don't trade alts. Just buy BTC or ETH. These tokens will be up in 10 years time. Much more than SPY/SPX likely (stocks, not the memecoins)

Momento_Mori7

Bitcoin ETFs alone have 72% of the asset value of gold ETFs. Blackrock's Bitcoin ETF did more volume than their SPY S&P 500 ETF on multiple days and it's less than a year old. Worldwide, the assets with the highest trading volume last year were: 1) S&P 500 - $252b 2) Gold - $162b 3) US T-bills - $161b 4) Euro/sterling - $154b 5) Euro/yen - $103b 6) DJIA - $44b 7) German bonds - $31b 8) US corporate bonds - $28b 9) UK gilts - $21b Yesterday Bitcoin did 75 billion in trading volume. And it trades 24/7. It is definitively one of if not the most liquid asset in the world depending on how you choose to evaluate it.