Nathan R. Jessep
Footballguy
Not sure, tbh. I know Blackrock, Fidelity and Chase have both announced they will be (or maybe already are) offering exposure to crypto, but I'm not sure what their actual investment vehicles look like.Great info thanks Nathan. Any way to buy ETHE exposure through my Vanguard account besides the Grayscale fund?Same as any investment portfolio, you want to diversify, IMO.
I think BTC is a solid long-term play. Some people (big investors for big companies, not NRJs on the internet lol) have predicted BTC to hit $1MM by 2030 or so. IDK about that, but If you look at the cycle ( Bear >> roughly 4 years >> Bull) and the BTC halving events, the price has risen mightily each time after that. Next one is predicted to be early 2024.
99% of coins rise and fall by BTC's tide currently, and I think that will continue for the foreseeable future. With that in mind, there are plenty of other projects that have a much larger growth potential between now and the next bull market (~2025).
ETH is a no-brainer. It's the largest blockchain with the most projects built on it. Then you have other projects that are helpers for the Etherium blockchain that make it run faster and more efficiently or add other functionality.
Several others like XRP for example are already in use in projects by banks and other huge companies as they develop ways to convert their existing operations over to blockchain technology.
There will be some winners and some losers of course but that goes back to the diversification aspect. Find a handful of good projects with big backers. Take your investment and divide it up how you see fit into those. (maybe something like 25% BTC, 15% ETH, 10% each on several of the other projects, a couple of % on a couple of fliers like SHIB or DOGE. I laughed at those before I saw some of the breakdown. Yes they are meme coins (coins if you will) but they have staying power (thanks Reddit!) and perhaps most importantly, they are CHEAP and AVAILABLE on all the major exchanges and apps. So when grandma decides she needs to get some of that cryptocurrency she's seeing on the news, she doesn't want to by the $20K Bitcoin, she wants to spend $50 and get 1,000 DOGE, or better yet 5,000,000 SHIB. I'm not saying that's a sound investment, but you better believe there will be people who think it is, and at the end of the day isn't THAT what WE are banking on? Buying low now to sell high later to people like that. Everything is low right now. Pick a handful of what you to believe winners, and start DCA'ing into them, and get ready to cash in when this stuff goes mainstream. It's coming. IMHO.
#notfinancialadvice #doyourownresearch
One thing I'd caution though, when it comes to crypto, you want to be in control of your holdings. There was some earlier discussion in this thread about cold storage wallets (Ledger, etc.) and that's definitely the way to go if you are putting any significant amount of $ into it. That way you can send to any exchange when it's time to cash out. In the last bull market, when things were going crazy, some of the exchanges lost ability to process transactions. I.e. you couldn't sell your holdings that were in your wallet on their exchange. But if you had your holdings on a Ledger, etc. you could send that to another exchange and sell from there. Further, some places you can buy don't offer you the option to send it off-site. You can only hold on their site or app. Robinhood used to be that way, but I think they may have added the Send function now. I heard that but haven't confirmed. And I'm not sure how ETFs would handle that, but guessing you wouldn't have the option to export it, and would just be depending on their timing.
XRP: 
I'm going to scoop some more SOL today I think. Still thinking it (and everything else) will become cheaper, but at the same time, it's hard to pass up these prices.
