Even though the cryptocurrency has skyrocketed over the last decade and has gained mainstream support from big banks, it can be a complicated investment for most retail investors. It s historically expensive, volatile, can t be purchased through a traditional brokerage account and isn t backed by a financial institution.
There are a few ways that people can invest in cryptocurrency and even bitcoin specifically, or the technology behind it, without holding any actual coins themselves. While it might not completely shield investors from cryptocurrency s trademark volatility, it can give them some protection from loss. There are things that you can do for indirect exposure, said Tyrone Ross, an investment advisor and CEO of Onramp Invest, a digital investing platform. If people do that, I think it s better and it s safer before they actually start to delve into the [bitcoin] rabbit hole.
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