Grayscale Bitcoin Trust (GBTC)

[Tenured]

Somewhat. There are other reasons related to financial ease of investment etc.

Every stock trades at a premium. It's called forward earnings (p/e ratio). Take a look at tesla. Negative earnings and trading over $350/share.

Gbtc is no different. You invest in future earnings potential. Those that post negatively about premium are focusing on book value per se. That is just looking at asset value bot earnings. Gbtc started off in the $40 range. Was there a "premium" back then? Likely. It's about where do you think the stock is going. If you think it's going up then you buy. If you think it's going down then you sell.

Do you really care if there is a premium ok stock if you can make 10,20,30,40% return in a few months?

I've been in gbtc since it was in the $60 range. I'm not shaken by the recent attempts to bad mouth the stock and its potential. If you're not ready to buy. Just do what I did and watch it for a month and make your decision then. I passed on investing at $40 to invest at $60. In still very happy with my return and confident.