Is Bitcoin Investment Trust a Buy? [The Motley Fool]
GRAYSCALE BITCOIN TRUST (GBTC)
NASDAQ:AMEX Investor Relations:
grayscale.co/bitcoin-investment-trust
Company Research
Source: The Motley Fool
Find out whether this is a good vehicle for bitcoin exposure. Bitcoin was the investing story of 2017 , with prices of the cryptocurrency soaring into the stratosphere. That success lured many bitcoin investors into the market at what proved to be a short-term top, and since the beginning of the year, bitcoin has lost about half its value and is down more than 65% from its highest levels. Some see bitcoin's pullback as proof that the cryptocurrency craze is over, while others think it could represent yet another in a long line of buying opportunities following major pullbacks. Many investors are nervous about trying to invest directly in bitcoin, given the high-profile hackings of several major bitcoin exchanges over the years. The Bitcoin Investment Trust ( NASDAQOTH:GBTC ) offers an alternative method of investing in cryptocurrency, making it possible to buy shares of an entity that itself holds a substantial amount of bitcoin. Here, we'll take a closer look at Bitco
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