How to get exposure to Bitcoin (short version):
A few caveats with the above:
– This is not financial advice. Your money, your responsibility. 😊
– Bitcoin is a long term investment (5-10 years timeframe). It is extremely volatile on a day-to-day basis. Prices can easily go up and down by 20-30% or more in a matter of hours. On the other hand, it had an average 200% yearly return over the past 10 years.
– Coinbase and Square allow users to withdraw their Bitcoin to a private wallet. It’s considered good practice by crypto-geeks like me, but it’s overwhelming/overkill for most people. PayPal and Bakkt are custodians (Bitcoin can not be moved to a private wallet, but can be sold anytime to withdraw cash), and are easier to use in that regard.
For more information, [https://hope.com](https://hope.com/) as a lot of good content.