If You Want To Buy Bitcoin, Avoid Greyscale Bitcoin Investment Trust For Now

Bitcoin Watch Shop

By Thom Lachenmann

There are usually a singular series of ways to get bearing to Bitcoin on a open markets right now. Until a Winklevoss twins are means to launch their COIN sell traded fund, options are singular for investors who wish entrance to Bitcoin.

One of those methods to benefit bearing to Bitcoin is to buy Greyscale Bitcoin Investment Trust (OTCQX:GBTC). GBTC “is a private, open-ended trust that is invested exclusively in bitcoin and derives a value usually from a cost of Bitcoin. It enables investors to benefit bearing to a cost transformation of bitcoin but a plea of buying, storing, and vigilance Bitcoins. The BIT’s unite is Grayscale Investments, a wholly-owned auxiliary of Digital Currency Group.”

One GBTC share is about 0.094 Bitcoin right now.

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But a problem with shopping GBTC is that since it is one of a usually ways to get bearing to Bitcoin on a open market, it is labelled during a reward to NAV. Right now, during $93, it trades during a reward to NAV.

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If we take 161,784

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