HODL: Looking For The Next Leg Up

Josh Arnold
24.79K Followers
(6min)

Summary

  • VanEck Bitcoin ETF offers direct, cost-efficient Bitcoin exposure, trading like a US stock with zero fees until January and low expenses thereafter.
  • The ETF is highly liquid, tightly tracks Bitcoin with a 0.93 correlation, and securely holds assets in cold storage.
  • Technical analysis shows a bullish flag pattern, suggesting significant upside potential with manageable downside risk for traders.
  • I rate HODL a Strong Buy due to its structure, cost, and bullish setup—ideal for investors seeking pure Bitcoin exposure despite inherent volatility.

Olsztyn, Poland 13 July 2021. Golden bitcoin coin over defocused stock chart

Nastco

The popularity of Bitcoin-tracking exchange-traded products has given rise to immensely improved access to cryptocurrencies for investors. Cryptos used to be far less accessible when it required a digital wallet, but with products like today’s topic – the

This article was written by

24.79K Followers
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow. Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in HODL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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