Bitcoin recently exploded from the $55,000-to-$65,000 trading range it had been in for months. As I write this, Bitcoin trades at $88,000, and it seems destined to crack the magical $100,000 level.
I have long been a Bitcoin skeptic, but some new ETFs in the market have me all in to join the run to $100,000 and beyond.
Bitcoin is unique because there are no fundamentals to give investors an idea about potential value. It’s all supply and demand, with a belief that that shortages will push the price ever higher. However, in reality, Bitcoin has been—and will continue to be—highly volatile. Here is a five-year price chart. Ski resorts wish they had slopes like that.
There is a new class of ETFs that uses option strategies to allow investors exposure to many asset classes and earn really attractive dividend yields at the same time. This now includes Bitcoin-covered call ETFs.
I currently track three Bitcoin-covered call ETFs with yields ranging from 23% to 62% and am always on the lookout for new opportunities.
Even if you’re not a crypto trader there’s still a away to profit from Bitcoin’s march toward $100,000.
More By This Author:
SFL: Unlock A 10% Yield In Shipping’s Toughest Market YetThe ETF Delivering Unmatched Returns And Income—Why Investors Are Flocking To MAXI
Will NextEra Energy Partners Slash Its Dividend?
Comments
Log in or sign up to join the conversation.