I'm not arguing whether investors right now buy bitcoin directly or through a fund. Obviously they do both.
I'm arguing that NOBODY buys bitcoin through a non-fund bitcoin company that has actual products, like payment processing, consumer brokerage, wallet etc, which is what this new company is about. It's not a fund, it's a company with a product.
i.e. nobody invests in jet fuel by investing in an airline, despite the fact that all airlines trade in jetfuel. They either buy jetfuel (rare considering its properties) or buy into a jetfuel fund, etf, index.
It's just completely ridiculous and not true and unsupported by any evidence, that investors would want exposure to the price of bitcoin by investing in say Coinbase or Circle or Bitpay. They're two completely separate investments.
This is a company that will build hardware and software. It has engineers, management, marketing people, customer service, offices, warehouses, factories, supply chains. It has a product and it has costs. To invest in all of those costs to get exposure to the bitcoin price is ridiculous, again you either buy bitcoin directly, or you buy through a fund like I mentioned in my last post.
As for needing to be an expert in computer security to buy and store bitcoin, hardly, but that's another discussion.
I'm not arguing whether investors right now buy bitcoin directly or through a fund. Obviously they do both.
I'm arguing that NOBODY buys bitcoin through a non-fund bitcoin company that has actual products, like payment processing, consumer brokerage, wallet etc, which is what this new company is about. It's not a fund, it's a company with a product.
i.e. nobody invests in jet fuel by investing in an airline, despite the fact that all airlines trade in jetfuel. They either buy jetfuel (rare considering its properties) or buy into a jetfuel fund, etf, index.
It's just completely ridiculous and not true and unsupported by any evidence, that investors would want exposure to the price of bitcoin by investing in say Coinbase or Circle or Bitpay. They're two completely separate investments.
This is a company that will build hardware and software. It has engineers, management, marketing people, customer service, offices, warehouses, factories, supply chains. It has a product and it has costs. To invest in all of those costs to get exposure to the bitcoin price is ridiculous, again you either buy bitcoin directly, or you buy through a fund like I mentioned in my last post.
As for needing to be an expert in computer security to buy and store bitcoin, hardly, but that's another discussion.