By Robert Ross
Bitcoin celebrated its 11th birthday on January 3. And what a party it’s been, with the world’s first and most famous cryptocurrency now trading near $40,000.
Warren Buffett famously referred to Bitcoin as “rat poison squared.” The Oracle of Omaha might never own the King of Cryptos. But even he has to admit that it is charting a path higher… one that is as unique as the asset itself.
Bitcoin once shot up 1,882% in a little under a year. It went from $998 in January 2017 to $19,783 in December 2017. One year later, it dropped around 83% to $4,935.
Now we’re back in a Bitcoin bull market. Since the March 2020 lows, Bitcoin’s price has rallied over 500%. And there are plenty of reasons to believe it’s going to go a lot higher.
Most people can’t stomach that much volatility and risk. And you don’t have to. Nor do you have to miss out on the next leg of the Bitcoin bull market.
Even better, you don’t have to spend as much as a base-model Tesla (TSLA) on a single stake.
A Different Way to Trade Cryptocurrencies
You are familiar with financial exchanges. These are companies that facilitate the buying and selling of stocks, bonds, commodities, and now—you guessed it—bitcoin.
Some of these exchanges support futures trading. At its simplest level, futures contracts let people bet on how much the price of something will rise or fall.
Now, I’m not