Grayscale Bitcoin Trust (GBTC)

[Tenured]

Oh I'm very happy. lol. I know your just curious and not bashing. I apologize if I came across as accusatory.

The premium is just what it is. It's in demand despite what some think. A lot of folks think that because it's a trust that it's going to be a perfect 1.0 correlation with bitcoin. Nothing is perfectly correlated. Gbtc does move with bitcoin price and the correlation is very significant but not 1.0. That is it doesn't move exactly with bitcoin.

Premium has typically been 60%. Its been 80-85% lately since the word got out on it. At the end of the day the price will reflect supply, demand and expected appreciation (or depreciation if your shorting).

Shorting might seem like a good idea to some but go look at history if prices. It always drops and then takes off with a vengeance. Personally I don't like shorting stocks It's too limiting. Ha ha.

Be patient and do your research before. Listen to all opinions. Read about bitcoin, ethereum and litecoin and ripple etc. see what people are saying about the industry. Invest in actual currency too if you so desire. I've earned a nice nice return on bitcoin, ethereum and litecoins.