News Bitcoin Price at $10,000 For GBTC Shares, Trading at...

Bitcoin Price at $10,000 For GBTC Shares, Trading at 120 Percent Premium

-

- Advertisment -

The Bitcoin Investment Trust (GBTC) is currently trading at $927 per share, with each share representing approximately 9/100 of a Bitcoin.

This price, if calculated with Bitcoin Cash disbursement, represents a price of $10,000 per Bitcoin, almost 120 percent premium on the current Bitcoin price.

The analysis was brought to light via Tuur Demeester, the economist and editor at Adamant Research.

Strong demand

The price analysis shows the strong investor demand for Bitcoin, even as most investors are either unwilling or not tech savvy enough to hold the actual cryptocurrency. GBTC creates an investment vehicle that does not require investors to hold the actual currency, while at the same time allowing them to invest in Bitcoin.

The price point should not come as a surprise, with Bitcoin prices rising to record highs this week, and announcements of large-cap investors entering the Bitcoin marketplace. The suggestion by some analysts the Bitcoin prices could reach $6,000 or even $20,000 may indicate that the price of GBTC is not as overvalued as it sounds.



Source link

Bitcoin Price at $10,000 For GBTC Shares, Trading at 120 Percent Premium
Bitnewsbot.comhttps://bitnewsbot.com
BitNewsBot.com aggregates the latest news around bitcoin, blockchain, cryptocoin, ICO's and FinTech, from all around the internet and publishes them in a single place.

Latest news

Bitcoin and Other Cryptocurrencies – How Their Values Fluctuate

Are you interested in knowing more about Cryptocurrencies? Have you been surprised by the value of Bitcoin...

Understanding The Viability of Blockchain in Supply Chain Management

With the advent of modern technology, the business dynamics of various industries have evolved and transformed in...

Top 7 Porn Sites That Accept Bitcoin/Crypto

Bitcoin and other cryptocurrencies are not that exotic anymore. Ever since the big boom on the crypto...

“Chinachain” aims to connect hundreds of cities across China. Will it work?

If there’s ever a “Chinachain” for business, sanctified and supported by the state, the BSN ( Blockchain...
- Advertisement -

Top 10 BEST Crypto Trading Books for New Traders (2020)

We may receive a small revenue share if you purchase something from this guide - with...

Crypto Firm That Connects Exchanges and Banks Receives $5m Investment From Wells Fargo

Cryptocurrency startup Elliptic recently held a Series B funding round which was joined by a venture arm...

Must read

Bitcoin and Other Cryptocurrencies – How Their Values Fluctuate

Are you interested in knowing more about...

Understanding The Viability of Blockchain in Supply Chain Management

With the advent of modern technology, the...
- Advertisement -Bitcoin Price at $10,000 For GBTC Shares, Trading at 120 Percent PremiumBitcoin Price at $10,000 For GBTC Shares, Trading at 120 Percent Premium

You might also likeRELATED
Recommended to you