Copy article

Bitcoin and exchanged traded spot bitcoin funds - how do they work and what is the future of bitcoin

Journalist: Samantha Downes, Freelance and Pumpkin Pensions

ended 03. January 2024

Hi I'm writing a piece for inews (online platform of the national newspaper) about Bitcoin's surge in value.

Looking for intelligent comment and whether the introduction of ET.  spot bitcoin funds.

Also how do these work?

1 responses from the Newspage community

Copy all

Copy

Editor
Samuel Mather-Holgate
Independent Financial Adviser at Mather and Murray Financial
As always with Bitcoin, the recent increase in valuation is based on pure speculation. Those investing in the ‘currency’ should be prepared to lose their money as the volatility is exceptional. Unlike currency or commodities, there is no real asset backing these trades and retail investors should stay away.