RATE Group | Where Will Bitcoin Investment Trust Be in 5 Years? — The Motley Fool
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Where Will Bitcoin Investment Trust Be in 5 Years? — The Motley Fool

16 Dec Where Will Bitcoin Investment Trust Be in 5 Years? — The Motley Fool

Posted at 01:10h in Bitcoin News by

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If you clicked on this article, you were almost certainly expecting a prediction for the price of Bitcoin Investment Trust (NASDAQOTH:GBTC). Unfortunately, the article can offer no such prediction, and there is a very good reason for that: In my view, within the next five years, the Bitcoin Investment Trust will no longer exist, as the trust sponsor, Grayscale Investments, will have shuttered it.

What is the Bitcoin Investment Trust?

Bitcoin Investment Trust, which I’ll refer to below by its ticker, GBTC, is an open-end investment trust with the objective of reflecting the price performance of bitcoin, minus fees. GBTC invests only in bitcoins; when you purchase one share of the trust, you become the owner of 0.00099063 of a bitcoin (as of the end of November). Note that this fraction must decline…

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