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Dam_River_Man

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Dam_River_Man

Re: eddyimano post# 177

Thursday, 05/18/2017 10:46:03 PM

Thursday, May 18, 2017 10:46:03 PM

Post# of 26502
It would not trade at a premium anymore. It would be a tenth the price of Bitcoin. GBTC holds 174,300 Bitcoins. It's pretty easy to see the worth by checking the market cap.
I expect a big up day tomorrow. Bitcoin will likely touch $2000 tomorrow and that will but GBTC close to fair value.

It should trade at a premium since it's the only play until an ETF comes out.

BTW, I don't expect the ETF to get approved. When it doesn't we will trade at a 30 or 40 percent premium again.

This didn't hit $265 the other day for no reason. Demand is high. Once Bitcoin gets over $2,000 it will be all over the news. And more people will find GBTC and buy it.

We are golden!
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