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Bitcoin Fund Units Class A T.QBTC

The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with an alternative to a direct investment in bitcoin.


TSX:QBTC - Post by User

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  • ScotiaOneX
Post by ScotiaOneon Jan 29, 2021 6:03pm
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Post# 32426310

Forces are converging

Forces are convergingI’ve had my head into the crypto world (DeFi, Coins and Tokens, Blockchain, Decentralized Internet, etc.)  for a little while now. The learning curve has been a tad steep at times but nevertheless, the more I learn the more convinced I become that the change it represents is inevitable. Recently, almost by chance I caught a video with this guy talking about Bitcoin and his investment strategies. Obviously a very wealthy individual.

The next day I see another video (maybe Google’s Algorithm… can’t remember the details). This one featured Cathie Wood of ARK discussing what would happen if institutional Investors would put just 1% or 10% of their cash into Bitcoin. My takeaway was that here was a legendary investor telling Corporate America how to make big money on a Bitcoin play. It felt like the Reddit story but intended for whales and not retail. She also mentioned MicroStrategy.

Day after that up pops another video come along that clues me into the fact that the guy in the first video was Michael Saylor who is the man behind MicroStrategy. OK… that’s interesting. From that linkage I learn of an upcoming event on February 3rd and 4th wherein Mr. Saylor and a group of industry heavyweights are going to discuss essentially what Cathy Woods was talking about… how corporations and institutions can take Bitcoin to the top of the financial food chain as a store of value.

Throw that in with the recent fisticuffs on Wall Street which has taught (hopefully) the fat cats a much needed lesson and ripped off the mask to reveal just how ugly centralized systems are.

This morning I tripled my holdings in QBTC. From my vantage point the forces are all converging to begin a massive move into Bitcoin. Hope that I’m right but no guarantee as I’ve had plenty of misses. On that note… DYODD.

Another guy did this video which seemed to stitch it all together nicely:
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