If investment risk is defined as the probability of permanent loss of your money, how likely is it for you to lose it if you invest in Bitcoin, specifically in the newly approved Bitcoin ETFs?
We all heard Warren Buffett rejecting Bitcoin as a good fundamental investment because it has no intrinsic value. Still, some of the largest asset managers in the world launched a Bitcoin ETF only a few days ago.
Are they stupid? Don't they know the same things Warren Buffett knows?
The good news is that they must disclose all the risks they see in Bitcoin in the prospectus document accompanying each ETF. And let me tell you, the risks list is long and unbelievable.
In today's episode, I review BlackRock's Bitcoin ETF (Ticker: IBIT) document and discuss the unbelievable risks this world-class asset management firm sees in Bitcoin. By the end, you can decide how risky investing in Bitcoin ETF is, and I'll tell you my plans.
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