MGT Capital Investments Inc. (MGTI): They're not the same. MGTI is a min...

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MGT Capital Investments Inc. (MGTI)

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Re: WWJD2525 post# 32098

Tuesday, 03/05/2019 10:40:01 AM

Tuesday, March 05, 2019 10:40:01 AM

They're not the same. MGTI is a miner of cryptocurrency on the blockchain. GBTC is actually Bitcoin, which is mined. If the price of bitcoin explodes or any other cryptocurrency that they mine, then the miners profit will increase. Another thing, GBTC only represents a portion of the price of bitcoin. GBTC is not mined. The price of GBTC will increase if the price of bitcoin increases and the only other factor is the premium for GBTC, which is pure demand, imo. The more demand, the higher the premium.

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