Legendary Bitcoin Trader Peter Brandt Issues Must-Know ETF Insight

Legendary trader Peter Brandt reveals truth about ETFs that every investor must know

, recognised by many as a trading legend, has issued a crucial advisory regarding leveraged and inverse exchange-traded funds, or ETFs for short. Long story short, the trader expressed a strong aversion to these financial instruments, likening them to gambling.Why? He emphasizes that these ETFs represent bets on volatility rather than price direction, indicating a preference for shorting these instruments as part of a strategic risk management approach.I avoid these like a plague.

Inverse and 2X/3X ETFs are bets on volatility, not price direction. If anything, my preference would be to short XX ETFsWith 50 years of market experience, Brandt’s perspective highlights the importance of distinguishing between sound and unsound risk. His observations reveal that the type of speculator attracted to leveraged and inverse ETFs often seeks quick profits, a mentality he advises against.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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