Bitcoin has gone up to $120k… and back down to $115K.
Is it a Good Investment?
*Acts 10 is not offering any investment advice. We are not liable for any financial losses. At Acts 10, we prefer to think in terms of stewardship, not investment.
At Acts 10, we recognize that God is our provider. We also know that he calls us to steward all things well, including our financial assets.
Similarly to how the Levites stored value in order to take care of those in need within Israel, we as the church have the opportunity to store value in order to care for our communities both now and in the future.
Whether your church has been investing for a long time, or you’re a church plant who is looking to build a storehouse for your churches future, we want to provide you with resources to help you get clarity about whether or not Bitcoin is a good stewardship choice for you.
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River
River is a place to buy, sell, or save Bitcoin.
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Strike
Strike is a place to buy, sell, or send bitcoin.
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Unchained
Unchained is a bitcoin native financial services company offering collaborative custody multisignature vaults and loans for bitcoin holders.
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Bitkey
Bitkey gives you a physical hard drive on which to store Bitcoin.
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FAQs
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An ETF is an “exchange-traded fund".” It is an investment vehicle that pools a group of securities into a fund that can be traded like an individual stock on an exchange.
In a Bitcoin ETF, companies like Fidelity, Grayscale, and ARK purchase Bitcoin that you can then buy in the form of a share.
This article has a helpful breakdown of Bitcoin ETFs.
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Like all investments, yes, you can expect some volatility if you choose to invest in Bitcoin. Investing in Bitcoin is like when people invested in Apple or Microsoft in the early days. It’s a new technology. That means, it comes with risks.
The beautiful thing about the way Bitcoin uses blockchain tech (the type of technology at hand), is that it makes it easily accessible to people around the world. In fact, it’s being used by people around the world.
Check out our Community Empowerment page.
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Bitcoin-adjacent companies are companies that are investing in Bitcoin themselves. They are holding their own Bitcoin. By investing in companies like this, you can get some of the perks of investing in Bitcoin while having the safety of investing in a company with products or services that you already believe in.
A couple of famous Bitcoin-adjacent companies include: MicroStrategy (MSTR) and Tesla (TSLA).
Talk to your treasurer, financial advisor, and/or investment specialists in your church to see if this is a good option for you based on your church goals.
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As with all investements, the answer really is: it depends!
We recommend doing your own research into Bitcoin. Check out Why Bitcoin and our Course to get started.
If you are interested in additional data about the track record of Bitcoin as an investment, check out Bitbo.
After that, we recommend having your board or church elders learn more about Bitcoin so that your church can decide for yourselves whether or not it is a good investment for you.