31 Aug '17, 9am

Bitcoin Price at $10,000 For GBTC Shares, Trading at 120 Percent Premium

Bitcoin Price at $10,000 For GBTC Shares, Trading at 120 Percent Premium

The Bitcoin Investment Trust (GBTC) is currently trading at $927 per share, with each share representing approximately 9/100 of a Bitcoin. This price, if calculated with Bitcoin Cash disbursement, represents a price of $10,000 per Bitcoin, almost 120 percent premium on the current Bitcoin price. The analysis was brought to light via Tuur Demeester, the economist and editor at Adamant Research. $GBTC is trading at an implied Bitcoin price of $9,000 per bitcoin - 95% premium. (or $10k, if one assumes separate $BCH disbursement) pic.twitter.com/GCirCfUqT7 — Tuur Demeester (@TuurDemeester) August 30, 2017 Strong demand The price analysis shows the strong investor demand for Bitcoin, even as most investors are either unwilling or not tech savvy enough to hold the actual cryptocurrency. GBTC creates an investment vehicle that does not require investors to hold the actual currenc...

Full article: https://cointelegraph.com/news/bitcoin-price-at-10000-for...

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