Quote:
Originally Posted by Raekwon
I got out of BTCC-B.TO because it didn't seem to be in line with the price changes of bitcoin. It seemed to have panic drops and take too long to recover even when Bitcoin went back up to all time highs. Also I thought what is the point of a bitcoin ETF? you are investing in a money replacement with money to get back money you never hold actual bitcoin, if you want to invest in bitcoin just but bitcoin and then the value is always equal and you have the option to keep it digital or convert to fiat.
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The point is you can't hold physical bitcoin in an RRSP or TFSA which given the potential for massive gains, could be significant. Tax planning may not be in the front of many but with the article I posted above about the CRA cracking down, it should be.