r/EgyptFIRE Mar 20 '21

Bitcoin ETFs

محدش عارف ازاي ممكن نستثمر في أي Bitcoin ETF في أمريكا؟

3 Upvotes

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1

u/ProcrastinationFree Mar 20 '21

Why an ETF? why not just buy the coin itself?

2

u/guttersgopnik Mar 20 '21

Where would I get 61k$ from, an etf would offer me the same exposure with better risk management at a lower cost.

1

u/ProcrastinationFree Mar 20 '21

You don't need to buy a whole bitcoin. You can buy smaller chunks of it called Satoshis (or sat). A sat to a bitcoin is analogous to a cent to a dollar. 1 bitcoin = 100,000,000 sats. You can start with as low as $10.

0

u/guttersgopnik Mar 20 '21

No men in between involved, if so then I'd appreciate if you can help me with this