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Transcript
00:00Why all of this complexity and hype over an ETF? Why not just keep it simple, right?
00:05Buy the Bitcoin online, send it offline to be stored on cold storage.
00:09It's a really good question, and there's a couple reasons.
00:12First, not everyone has the time to make an account online on one of these exchanges
00:16because most people don't even trust these exchanges anymore, especially with their social
00:20security numbers. Two, most people don't have the knowledge to send their Bitcoin offline to
00:25a cold storage wallet. And three, most people don't want to take the risk of having their own
00:30passwords and then losing access to all of their Bitcoin. But most importantly, it's because of
00:36flexibility. A spot ETF, for example, allows Bitcoin to be purchased by things like your 401k account
00:42from your job and even your IRAs like your Roth and traditional IRAs. They can also be used to
00:47calculate what's called the AUM or assets under management, which will allow you to borrow against
00:52your assets or leverage.
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