I am actually about to write a guide for my grandpa on how to invest some of his stocks into cryptocurrency.
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I am actually about to write a guide for my grandpa on how to invest some of his stocks into cryptocurrency.
After you write a guide to your grandpa....maybe you can share it with us. Also, what your grandpa feels about crytocurrency.
Sure, but essentially for him it is just along the lines of "have your financial advisor get in touch with Grayscale and purchase into the GBTC fund".
I don't personally own Ethereum Classic so I won't be recommending it. However, one thing to understand is that the performance of the Grayscale Fund and Bitcoin may not be the same. Grayscale has already purchased large amounts of Bitcoin, therefore as they sell more shares, they may not be purchasing more Bitcoin (until they need to). Due to this, and the fact that there is a lot of money in stocks that is interested to move to cryptocurrency, the fund has experienced far greater growth than Bitcoin has lately.
On top of faster growth than the current market, the fund offers value because you do not have to actually hold or secure your Bitcoin. They manage that for you until the time that you decide to sell your shares.