Here's an excerpt from my InvestorPlace article "3 Stock Picks That Are PERFECT for Millennials"
I’ve saved the best for last in Bitcoin Investment Trust (OTCMKTS:GBTC). It’s not that I’m a particular fan of GBTC. What I am a fan of is bitcoin and the concept of open-source finance.
At the risk of sounding like an infomercial, bitcoin is the future. Think about this — almost every facet of our lives has been improved by technology. The Japanese take this concept to a whole new level. So why are we stuck with the same old fiat currency system that’s been around for centuries?
The mistake people make about bitcoin and derivative investments like GBTC is that they focus on the intricacies. You could invest hours learning about the “blockchain” but why bother? Here’s what you need to know. Bitcoin, through its internal intelligence, eliminates the need for third-party verification in financial transactions. Wouldn’t it be great to just invest in a stock without having to deal with New York brokers under New York rules?
Bitcoin breaks down walls — it literally is the anti-Wall Street. I trade bitcoin whenever I want to, not when New York says it’s okay. So if that means three in the morning on the Fourth of July, so be it. Open-source currencies have no consideration for time, tradition or borders. In other words, it’s the most beautiful thing that man or the Masons have ever created.
GBTC of course is a fund that’s subject to market procedure. However, if there’s some reason why bitcoin doesn’t work for you, GBTC is the next best thing.
To read more, please visit InvestorPlace.com! http://investorplace.com/2017/02/stock-picks-millennials-fuel-jci-gbtc/#.WPBPcWe1uM8
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