There’s a financial phenomenon taking place right now that many investors like you are trying to figure out how to capitalize on.
But getting in can seem pretty painstaking.
Well I’m here to tell you that the barrier to enter doesn’t have to be so difficult… and I’ll show you exactly how easy it is to reap the rewards.
If you haven’t heard, all the craze in the financial world is Bitcoin or cryptocurrencies.
And the traditional way to gain exposure to cryptocurrencies, like Bitcoin, is to find an online exchange, like Coinbase, and open an account.
The problem with owning a cryptocurrency outright is that it’s not very liquid and there’s no equity in it.
So, how can you get exposure to cryptocurrencies while adding equity to your portfolio?
Well, there’s a few ways that let you reap the reap the rewards without owning the actual cryptocurrency.
You have blockchain technology, which underpins the creation of cryptocurrency.
Blockchain technology is what makes it possible for a currency without a central bank.
With the explosion of cryptocurrency, there are now many companies dedicated to researching and developing blockchain technology.
This has created a whole new way to ride the profit train of cryptocurrencies.
And just this month, a couple of blockchain exchange traded funds (ETFs) launched.
There’s reason to be excited… $240 million flowed into these blockchain ETFs in a matter of weeks.
This is an incredible amount of cash flow for new ETFs.
These two ETFs include The Reality Nasdaq NextGen Economy ETF (BLCN) and Amplify Transformational Data Sharing ETF (BLOK).
This will give you the exposure to cryptocurrencies you want without actually owning Bitcoin.
As cryptocurrencies continue their meteoric rise these ETFs will share in the success.
Another way to play the Bitcoin craze, without buying Bitcoin, is to jump on board with retailers that are accepting cryptocurrency as payment.
Overstock.com is one of the first major retailers to do so and its seen a hefty jump in its stock price.
And by the looks of this chart, there are plenty of gains to be had.
There’s also Shopify. It’s an e-commerce site that gives its merchants the option of accepting Bitcoin as payment. And with more than 400,000 merchants, this could be a significant play on Bitcoin.
And with Shopify’s acceptance of Bitcoin it saw a significant bump in its stock price… as you can see from the chart below.
This chart also points to a strong likelihood of gains to come.
Now remember, the reason behind using these alternative ways of getting on the cryptocurrency bandwagon was for accessibility… but also to acquire equity with your investments, while avoiding the risk of losing your investment completely.
So, with these approaches you’ll gain exposure to the cryptocurrency boom and have the safety net of owning actual equity.
