How to Invest in Bitcoin via an Insurance Portfolio
An investment directly in bitcoin cannot be inherited, it is subject to tax and if you lose your mobile phone, you can lose all your bitcoin. A safer way to invest in bitcoin is via an insurance portfolio.
Bitcoin is the world’s first & leading blockchain. It has a limited supply of 21 million coins with $572 billion market capitalization.
An investment in bitcoin is seen as a diversified asset class. Bitcoin’s value will rise with its use as a money.
Bitcoin is likely to be an uncorrelated asset because its properties are not similar to most other assets.
Bitcoin is likely to be an inflation hedge because one of its monetary properties is absolute scarcity.
While the supply of other monies will inflate forever, bitcoin’s supply will never exceed 21 million. Bitcoin is likely to be used as a store of value because it is extremely secure, imparts global, state-independent bearer asset rights on its holders, cannot be confiscated, and is very easy to transport or transact anywhere in the world.
Investing in Bitcoin Directly
- You require an understanding of how bitcoin works
- It is tied to your mobile phone: you lose your phone, you lose your bitcoin
- You need to understand how Google Authenticator works
- You need to save & remember the seed phrase password (private key)
- There are issues transferring out your bitcoin
- Bitcoin is taxable
- Bitcoin is not inheritable
Investing in a Bitcoin Fund via an Insurance Portfolio
- No need to understand how bitcoin works
- No need to own a mobile phone
- No password to remember
- No tax on growth or death
- Inheritable: choose beneficiaries
How do I buy bitcoin via an insurance portfolio?
You will need to speak to a financial advisor.
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