I never in a billion years thought I’d be talking to you about Bitcoin, but here we are.
But see, there’s a big thing happening soon and some people could make a lot of money from it.
Tomorrow, the SEC is going to be voting on whether to allow the creation of Bitcoin spot ETF.
And if that happens, the floodgates will open as Wall Street brings Bitcoin investing to Main Street.
Basically, once these ETFs are approved, any Regular Joe will be able to get direct exposure to Bitcoin without ever leaving their standard brokerage account.
Now the thing you need to realize is that these ETFs are going to make their money the way any ETF does by charging fees to manage the money in the ETF.
And just because Wall Street is creating these ETFs doesn’t mean they are endorsing Bitcoin.
It’s just good business to sell what people are looking for. And everyone is hungry for Bitcoin lately.
If these ETFs are approved in time, I’m betting were going to see an advertisement for a Bitcoin ETF during the Super Bowl.
Remember, these funds make their money by charging fees on the money that pours into the fund.
So the more people invest in their Bitcoin ETF, the more money they make in fees.
So who is going to benefit from all this?
Well, first off, Bitcoin itself.
After all, the spot ETF is going to have to hold Bitcoin, so when money pours into these ETFs, they are going to have to go out and buy Bitcoin.
But let’s say you don’t want to go out and get involved with Bitcoin. After all, it’s notoriously technical: you need to set up a digital wallet, set up a separate account at a Bitcoin exchange and more.
How can you ride what could be a rising Bitcoin wave without getting into all that?
Well, one angle is investing in the companies that manage these new Bitcoin ETFs. They are very likely going to see their stock price spike up as a result of all the fees they’ll be collecting on these new ETFs. BlackRock (BLK) is one of those companies.
Another angle is to look at is investing in Bitcoin-related plays: Grayscale Bitcoin Trust (GBTC) or companies like MicroStrategy (MSTR) which are heavily invested in Bitcoin.
And here’s the thing: All of this is being voted on by the SEC tomorrow, Wednesday January 10th, so if they’re approved, all of these wheels could be in motion by Thursday.
Trade well,
Jack Carter
PS> If Bitcoin hasn’t already been on your radar, this can all be a bit sudden. So why not sidestep Bitcoin altogether and join me in a timeless strategy that I’ve been using for decades. I recorded this video for you to explain how it all works.
