How To Get Rich With Bitcoin Even If You Have No Clue About Technology

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How to Invest in Crypto Without Buying Coins;
The easiest way to get investment exposure to crypto without buying crypto itself is to purchase stock in a company with a financial stake in the future of cryptocurrency or blockchain technology.

For example, Tesla — which holds over a billion dollars in Bitcoin and accepted Bitcoin payments in the past — is included in any funds that track the S&P 500. Since its 2020 inclusion, it’s become one of the most valuable, and therefore influential companies in the index. And Coinbase, the only publicly traded cryptocurrency exchange, is in the ARK Fintech Innovation ETF.

However, if you have some extra cash (and you’re tolerant of the risk), you can choose to allocate a small amount of your portfolio to specific companies or more specialized index funds or mutual funds. “An investor bullish on the future of cryptocurrency could invest in the stocks of companies working on that technology,” says Jeremy Schneider, the personal finance expert behind Personal Finance Club.

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Experts generally recommend keeping these speculative investments — whether a single company’s stock, specialized index funds, or cryptocurrency itself — to less than 5% of your total investing portfolio.

Investing in Companies with Crypto Interests;
That’s how personal finance expert Suze Orman initially did it. She recently told NextAdvisor about how she invested in MicroStrategy, a cloud computing firm that holds billions in Bitcoin, because its CEO was putting all of the company’s working capital into Bitcoin. She figured if Bitcoin increased in value, so would the value of Microstrategy’s stock.

But as anyone who follows Orman’s advice knows, she recommends index funds as a much better investment strategy than picking individual stocks.

Rather than buying shares in any single crypto-forward company, it’s better to maintain a balanced portfolio by identifying companies with crypto interests, and making sure their shares are included in any index or mutual funds you put money into. Not only does that allow you to invest in the companies where you see potential, but it also helps you keep your investments diversified within a broader fund.

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If you invest with Vanguard, for example, you can use the site’s holding search to find all the Vanguard funds that include a specific company. Just enter the company’s ticker symbol (like TSLA for Tesla) and the tool will offer a list of all the Vanguard products that have holdings of its shares. Other investing platforms offer similar ways to search by company within index and mutual funds.

But specialized ETFs or mutual funds can also come with higher fees than total market indexes, so pay attention to how much you’re going to be charged for buying shares. Schneider considers an expense ratio (what you pay in fees) under 0.2% to be very low, and anything over 1% to be very expensive. For an already speculative investment, high fees can hinder your growth even more.

Here are a few more examples of publicly-traded companies that are adding Bitcoin or blockchain technology to their business. These are definitely not the only companies involved, and more are joining the list every day. (Circle, a digital payment platform specializing in crypto payments, for example, just announced its intended IPO):

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