Bitcoin is the original cryptocurrency, launched in 2009, and has since become the largest cryptocurrency by market capitalization. With a maximum supply of 21 million Bitcoins, approximately 20 million are already in circulation as of March 2026. This limited supply contributes to Bitcoin’s allure, but it also leads to significant volatility, with prices capable of dropping more than 50% every couple of years.
Recent developments in the cryptocurrency market have sparked renewed interest in buying Bitcoin, particularly through exchange-traded funds (ETFs). These financial products allow investors to gain exposure to Bitcoin without the need for a crypto account or exchange, making it more accessible to a broader audience. Among the Canadian Bitcoin ETFs available, the Fidelity Advantage Bitcoin ETF stands out with a management fee of 0.32% and a management expense ratio (MER) of 0.35%. Other options include the CI Galaxy Bitcoin ETF with a management fee of 0.4% and a MER of 0.68%, the Purpose Bitcoin ETF with a management fee of 1% and a MER of 1.32%, the Evolve Bitcoin ETF with a management fee of 0.75% and a MER of 1.53%, and the Purpose Bitcoin Yield ETF with a management fee of 1.1% and a MER of 1.47%. The best Canadian Bitcoin ETF is typically considered to be the one with the lowest fees.
Despite the growing interest in these investment vehicles, some investors remain cautious. Arthur Hayes, a notable figure in the cryptocurrency space, has expressed his reluctance to buy Bitcoin at this time. He stated, “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait.” Hayes believes that the timing of investments is crucial, particularly in relation to monetary policy shifts by the US Federal Reserve.
Hayes further elaborated on his investment strategy, indicating that he would consider buying Bitcoin when central banks begin to print more money. He remarked, “Money printing is good for Bitcoin,” suggesting that increased liquidity in the market could drive up demand for the cryptocurrency. However, he also warned that ongoing geopolitical tensions, such as the conflict between the US and Iran, could lead to a significant sell-off in equities and Bitcoin.
The wider picture
As investors navigate these uncertain waters, the future price movements of Bitcoin remain unpredictable due to its inherent volatility. Additionally, it is unclear when the US Federal Reserve will shift toward easier monetary policy, which could influence the timing of many investors’ decisions to buy Bitcoin. Details remain unconfirmed.
In summary, the trend to buy Bitcoin is gaining traction as investors explore various ETF options and consider the broader economic landscape. While some are eager to enter the market, others, like Hayes, advise caution and a strategic approach to timing. As the situation evolves, the interest in Bitcoin and its associated investment products is likely to continue shaping the cryptocurrency market.
