I meet a few people keen on bitcoin as a concept but put off by some aspect eg do I have to mess around with wallets when I want to only put in less than say $1000.
Seems to me their options are limited Eg maybe they could by some shares in microstrategy and get a simliar end result. Not recently up with the play with etfs like the winklevosses proposed years ago but it seemed these things seem to die on the vine or at least are not available e to non USA citizens and your funds were locked in for several years?
Any suggestions about “easy entry” things for newbies?
I mean it is really easy to just sign up for an exchange and buy some Bitcoin. Then take a small amount of time to figure out that all you need to own the bitcoin yourself is to generate a private key and its public address, keep the private key safe and secure, and use the public key to send the Bitcoin from the exchange to your wallet.
I can see it being confusing for someone who doesn't have anyone to tell them about this and not sure what to look up for how to do this stuff (though it wouldn't take much googling to learn all this), but if someone has a friend to tell them how it works they should be set up in no time.
And buying actual Bitcoin and storing it oneself is infinitely more advisable than buying some bitcoin related investable product like Microstrategy stock or some ETF or whatever.