BITCOIN💰 ETF ♟️
What you need to know.
Most of you must have been hearing of bitcoin ETF you're wondering what is this Bitcoin ETF
let's skip the complexities, let me give you a simple explanation.
Imagine you have a special toy, let's call it "Bitcoin." This toy is unique and valuable to many kids. Now, what if you want to share the fun of playing with your special toy with lots of friends without giving them the actual toy? That's where the Bitcoin ETF comes in!
The Bitcoin ETF is like a magical box that represents your special toy. Instead of giving your friends the actual toy, you can give them a piece of the magical box, and they can enjoy the fun of playing with it too! This magical box, or ETF, is traded on the grown-up's playground, the stock market.
So, when adults want to invest in Bitcoin but don't want to deal with the complexities of buying and storing the actual digital currency, they can buy shares of this magical box. Each share represents a piece of the fun, just like your friends getting a piece of the magical box.
And just like when you want to trade toys with your friends, adults can buy and sell these magical boxes on the stock market without actually dealing with the Bitcoin toy directly. It makes playing with the special toy a bit easier for them, and everyone can have a piece of the excitement without having to take care of the actual toy!
WHY THIS?
If bitcoin ETF eventually gets approved, bitcoin will be opened to many more big bags who would want to own a piece of the profit of bitcoin, leading to a large influx of money, this will eventually lead to a surge in bitcoin value.
And if it gets disapproval, brace your self for a pullback in price
If the former is the case, and you see bitcoin surging towards $50 or $60k in minutes, please avoid jumping in on the ride. Of course this is not a financial advice.
There will always be a pull back and a better time for you to buy bitcoin, but please not when it's Skyrocketing on the spot.
Do not FOMO! Guard your emotions! Its a beautiful year already!
$BTC
