5 Ways to Make Bitcoin Profit Without Buying It

It seems that the world's most popular cryptocurrency, Bitcoin, is everywhere in the world right now and the obsession with it is constantly increasing. Its rise this year has aroused the curiosity of everyone from beginners to professionals, after its price doubled this year.

The way stocks to invest or bet on Bitcoin is to buy the same currency. But there are many reasons why those who want to invest in the currency may not buy it. Maybe you don't know anything about Bitcoin but you want to have some of its gains. Or maybe you know a lot about Bitcoin and don't want to get close to it because of its large price volatility. Or maybe you already own Bitcoin, and are looking to invest more widely in cryptocurrencies.

There are many ways to invest in Bitcoin without buying it, the first of which is to invest in ETFs.

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While exchange-traded funds that track the price of Bitcoin were previously available in countries such as Canada and Europe, it was somewhat different in the United States, where financial authorities banned these funds.

But that all changed in October when the first Bitcoin-linked ETFs were allowed to launch.

Specialists hope that one day funds will appear that can invest directly in Bitcoin, as there are more than 12 issuers of funds that have expressed interest in issuing these funds, but the US Exchange Commission has so far blocked this, according to Bloomberg.

Buy Bitcoin-Related Shares

Companies have management structures that are better investing-aware than the average investor, and some prefer this trend to invest in Bitcoin indirectly.

An example is Coinbase Global, a cryptocurrency platform, because most of its revenue comes from commissions it charges users to buy cryptocurrencies. The performance of the shares of this company is related to the performance of Bitcoin.

The company said in a disclosure to the U.S. Exchange Commission: "Our net revenue depends heavily on the prices of crypto assets and the volume of transactions made on the platform."

Instead, investors can focus on companies that bet on the rise of Bitcoin and have a balance of it, such as Tesla, which has $1.26 billion in digital assets, according to the latest financial statements announced by the company.

Other listed companies with investments in Bitcoin are MicroStrategy, which holds about 114,042 bitcoins, and Galaxy Digital.

However, before taking this path to benefit from Bitcoin by investing in the shares of these companies, you should study the situation of the company and the sector in which it operates.

Equity Mutual Funds

There are a lot of ETFs that include shares of companies that have more or less traded in Bitcoin. An example is the BITQ Fund, which includes stocks such as Galaxy Digital, Coinbase, and Microstrategic.

Investing in technology

Bitcoin uses a blockchain system to complete the currency trading process between different parties. Some individuals perform complex calculations to convert currency from one end to the other, and these people are eventually rewarded with Bitcoins.

This opens the door for Bitcoin mining companies, which use powerful computers to generate Bitcoin from scratch.

Airdrops 

and free commemoratives are distributed to induce mindfulness. An exchange might do an airdrop to produce a large stoner base for a design. A blockchain spoons because of changes or upgrades in a protocol that produce newcoins.However, you'll generally get free commemoratives on the new network, If you hold coins on the original chain.