The Top 5 Ways to Invest in Bitcoin without Investing in Bitcoin

his is a current chart of Bitcoin as of November 9th, 2023. All charts are on this date, so we can compare the movement of these to bitcoin.

I am showing the 5-year chart and 1-year chart for comparison.

his is a current chart of Bitcoin as of November 9th, 2023. All charts are on this date, so we can compare the movement of these to #bitcoin

. I am showing the 5-year chart and 1-year chart for comparison.

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#1. $ProShares Bitcoin Strategy ETF(BITO)$ - This is a Futures ETF that trades based on the futures contracts of #bitcoin. This is slightly different, though, than a Spot ETF, which only trades on Bitcoin's price.

However, you can see that it moves closely with BTC.

#2. $Riot Blockchain, Inc.(RIOT)$ - This is a Bitcoin mining stock that can be easily invested in. This moves generally with Bitcoin, but will also be slightly moving with the $SPY and stock market, and the company's profitability will also be important for the stock price.

#3. $Marathon Digital Holdings Inc(MARA)$ - Another Bitcoin miner. Marathon Digital seems to fluctuate a little less violently than $RIOT, in my opinion, which can be good or bad from your perspective.

This is true for all miners.

#4 - $Coinbase Global, Inc.(COIN)$ - Coinbase has become one of the most popular and easy-to-use crypto exchanges for most US-based buyers.

Their stock was IPO'ed in 2021 around $400, but it has fallen as low as the $30's. Now it's just under $100, but it could see high multiples in years to come.

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5. $MicroStrategy(MSTR)$ - Last but not least is MicroStrategy. Michael Saylor started buying $BTC in 2020. MicroStrategy owns 152,800 Bitcoin, and have an average price of $29,672 according to CoinDesk's article I will link below from August 7, 2023.

MicroStrategy has performed very well since 2020, but Michael Saylor has also said that the #bitcoinETF poses some threat to their stock price, as people are currently investing in his company as a proxy for Bitcoin, and that wouldn't be as in demand if the Spot ETF is launched.

Ok, that is all I have for this post! Thank you for reading. Please follow if this provided value to you and share it with someone who might be interested.

Also, let me know what you think I missed and what you agree or disagree with. Thank you!