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Tenured

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Re: buxmaker post# 738

Thursday, 06/15/2017 2:34:32 PM

Thursday, June 15, 2017 2:34:32 PM

Post# of 26491
This is a trust not a typical business. It's value is derived on the value of bitcoin. As the value of bitcoin -perceived and real -changes so will the value of the trust.

If you want to invest in bitcoin but don't want to buy actual bitcoin then this is the way to go. No other mechanism. Investor have seen the returns of bitcoin and other alt currencies and want onboard. They are willing to pay a 40-50% premium as long as they believe the stock will go up. For example If you truly believe the stock will double in a year, do you care that you pay $220 or $350? That's how investors feel. Everyone wants on board. Where the Ceiling? I don't know.

That's the best reason I can give you.
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Volume:
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