Are High End Investors Sleeping on GBTC?
Opinion:
LET ME TELL YOU ABOUT GBTC...
To the higher end investors in my friends list,
Grayscale Bitcoin Trust, ticker - (GBTC), is an institution that North American investors can buy into at the starting price of 50,000 to open an account. I track GBTC as an index because you can see the flow of institutional wealth going in and out of BTC through it. It's like a leading indicator for the BTC price, especially in moments of high volatility.
This asset just did 402.11 % in the last 1 and a half days.It's FDIC insured and it's taxable through the traditional American markets. :expressionless:
I have already said too much. We're all sleeping on GBTC. XD
LET ME TELL YOU ABOUT GBTC...
To the higher end investors in my friends list,
Grayscale Bitcoin Trust, ticker - (GBTC), is an institution that North American investors can buy into at the starting price of 50,000 to open an account. I track GBTC as an index because you can see the flow of institutional wealth going in and out of BTC through it. It's like a leading indicator for the BTC price, especially in moments of high volatility.
This asset just did 402.11 % in the last 1 and a half days.It's FDIC insured and it's taxable through the traditional American markets. :expressionless:
I have already said too much. We're all sleeping on GBTC. XD
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