Why Bitcoin Exchange-Traded Funds... the safest option
For beginners, Edelman sees Bitcoin as the best starting point in the world of cryptocurrencies, stating:
"It is the largest digital asset of all time and is the preferred choice among institutional investors."
He adds: "It is completely different from other digital assets, as it is used as a store of value and a means of transferring it, while other currencies are designed for specific commercial purposes, and it is unknown which of them will endure in the future."
However, direct investment in Bitcoin and storing it in a personal wallet can be complicated and risky if you do not have enough experience.
Ross warns, saying: "Fraud is widespread in this field."
Therefore, he and Edelman recommend that beginners invest through regulated Bitcoin exchange-traded funds by the Securities Commission.