Email of the day on investing in bitcoin
Comment of the Day

March 21 2023

Commentary by Eoin Treacy

Email of the day on investing in bitcoin

Good morning, Eoin I hope you and yours are well. I am considering baby steps into Bitcoin ownership. I would welcome any guidance you may have. Particularly, where best to purchase and how to hold/protect. Many thanks for the excellent ongoing guidance.

Eoin Treacy's view

Thank you for this question which may be of interest. At present, the safest way to hold bitcoin is in a cold storage wallet. Then you must ensure that it is kept somewhere safe. The second best option is a fund like the Grayscale Bitcoin Trust which has done a reasonable job of tracking the price. The last would be to buy bitcoin miners which offer leverage to the price. 

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