In this Blog:
- IMF statement on Bitcoin
- LOTM top ETF recommendation for Crypto & Blockchain application companies
Applications using crypto and blockchain are in the very early stages.
We are going to project the Bitwise ETF BITO will own companies that are entering the application stage of crypto and blockchain application will own companies in this new industry. It is an easy enter for exposure to this industry sector. In owning and monitoring we will also get insight into what companies Bitwise finds the most interesting. Should you wish to then buy or add the individual companies to your personal portfolio, you have people of knowledge in crypto and blockchain to follow.
As you can see BITO has had a four X move since the end of 2022. That was the bottom of Crypto winter for this cycle. It is estimated that the next crypto winter will begin in twelve to eighteen months from now. Certainly there will be corrections along the way.
Bitwise: BITQ Holdings – All Holdings Data as of 04/25/2024
In owning this ETF, you would also gain exposure to companies not listed in the USA. You have more global exposure. Development outside the USA, in some cases, is ahead of the USA. In other cases, US firms are licensing and researching outside the USA and will bring the technology here when our regulatory agencies allow them to be in the USA.
The application companies Bitwise has purchased are small holdings at this time, but you can see they are established companies. Names below Bitcoin Group are companies using crypto and blockchain application at this time.
Peace, Prosperity and Happiness in these troubled times – Tom
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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