An ETF to Help Investors Navigate the Bitcoin Market
In the recent webcast,
Navigating the Bitcoin Boom….or Bust, Paul Kim, CEO and Co-Founder, Simplify Asset Management, noted that cryptocurrencies have exploded as an asset class in the past year.
Cryptocurrencies are decentralized, digital assets stored in a “ledger” in form of a database. They use cryptography to secure transactions, control the creation of “coins,” and verify ownership.
Bitcoin is a type of cryptocurrency that can be sent between users on the peer-to-peer Bitcoin network. Transactions are verified by “nodes” through cryptography publicly stored in a ledger called a “blockchain.” Bitcoins are created through a reward process called “mining”.
- NetworkNewsWire Editorial Coverage NEW YORK, May 27, 2021 /PRNewswire/ Bitcoin and non-fungible tokens (NFTs) stocks are moving mostly in lockstep, not because the two are the same