Grayscale Bitcoin Trust (GBTC)

[Dam_River_Man]

Overvalued compared to what it's worth. It's not like this is going to have earnings and be worth more. It's worth a tenth the price if Bitcoin. That's it, period.

It is currently trading well over 100% of what it's worth.

What's scary is how many people buy it and are clueless as to what GBTC actually is.

I would say it's worth a 25% premium to NAV because it's the only game in town until an ETF is approved. Maybe even 50%. But 100%? No.