CHAPTER 5

How to Invest in Bitcoin

This chapter details ways to invest and store Bitcoin while the next chapter will address Bitcoin counterarguments before the book delves into Ethereum and Altcoins. I separate Bitcoin from other cryptocurrencies for reasons that will become clear in later chapters. When purchasing Bitcoin, investors have several options: (1) traditional brokerage account options such as a trust, trading futures contracts, or investing in companies with high exposure; (2) an online Bitcoin wallet typically held with an exchange; (3) an offline Bitcoin wallet that physically stores the asset through methods such as a hard drive, thumb drive, or paper wallet. The terms hot and cold wallets are synonymous with online and offline ...

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