One Bitcoin Is Over $100,000 — 5 Ways New Investors Can Afford It
Bitcoin’s price has soared past $100,000, making headlines and sparking new interest among Americans who want to get in on the action. For many, the idea of buying a whole bitcoin at this price seems impossible. But, according to Anthony Georgiades, founder and general partner at Innovating Capital, “You don’t need to buy a full bitcoin to get started.”
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Most major exchanges and popular payment apps allow investors to buy fractions of a bitcoin, making it possible to invest with small amounts. New investors can also use traditional brokerage accounts, bitcoin ETFs, or even invest in companies involved in the crypto industry.
With so many options available, here are five smart ways to afford bitcoin when the price tag for one coin is sky-high.
Fractional Investing: Buy a Piece, Not the Whole
Georgiades explained that “fractional investing just means you’re buying a piece of a bitcoin rather than the whole thing.” It is the easiest way for new investors to afford bitcoin, since you can buy as little as $5 or $10 worth. Bitcoin is divided into units called “satoshis,” allowing even a $10 investment to give you exposure to this digital asset.
Most major exchanges like Coinbase, as well as apps like Cash App and PayPal, let you purchase small fractions, making it accessible for nearly anyone. Before you buy, compare fees and minimums on different platforms, since costs can add up with small purchases. Always use a reputable exchange and consider moving your bitcoin to a secure wallet as your holdings grow.
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Use Popular Payment Apps for Small Purchases
Payment apps like PayPal, Venmo, and Cash App have made buying bitcoin as easy as sending money to a friend. According to Gadinsider, these apps allow you to buy bitcoin in small amounts, track your investment, and even transfer your crypto to another wallet. Georgiades said, “Apps like Cash App, PayPal, and Venmo also make it easy to buy tiny amounts.”
To get started, just select bitcoin in the app, enter the amount you want to buy, and follow the instructions. You can store your bitcoin in the app or move it to another wallet for added security. This approach is ideal for beginners who want a simple, familiar way to start investing without dealing with complicated exchanges or wallets.
Invest Through Bitcoin ETFs or ETPs
If you prefer a more traditional route, consider investing in a bitcoin exchange-traded fund (ETF) or exchange-traded product (ETP). These funds let you track bitcoin’s price without having to manage wallets or private keys. Georgiades explained, “You can invest through bitcoin ETFs or ETPs using a regular brokerage account.”
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