And the premium right now? Well, let’s do the math: In fact, that appears to be the insanity.
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Again, you are reading all of this correctly. You can buy Bitcoin directly if you want to own Bitcoin. The answer is “Yes! Bitcoin will explain that now. First, I’ll give you five quick reasons that Grayscale provides: Titled, auditable ownership through a traditional investment vehicle – The Bitcoin Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.
Bitcoin stored in the Xapo Vaults reside on multisignature addresses, the private keys for which are protected by intense cryptographic, physical and process security. Boiling all this ist the main reason is that investing in GBTC investment investing in something that feels familiar.
That also means you can buy it easily through the normal channels and you can put it in the normal places. Bitcoin takes away the fear, uncertainty and doubt of Bitcoin very rapidly. It seems less mysterious, less dirty. You still trust to play the Bitcoin “investing” game.
I am not saying this is bad, or inappropriate, or silly.
Titled, auditable ownership through a traditional investment vehicle
In fact, quite the opposite. If someone is trying to ride the Bitcoin trend, I can see how it could make sense to go with a low-resistance option. In this case, consider how much easier it would be to talk to your accountant about gains and trust of GBTC investment.
Although I have no interest in GBTC it trust be ist illogical or irrational for some people to invest for this reason. The Investment premium is rich.
Are there other reasons that make sense? Here’s how Pascucci said it: And it’s all on the up-and-up, easily trackable for tax purposes, which Was care about. It’s not perfect, I acknowledge that, but it strikes me as my best option, especially if I’m viewing this as one of my high-risk, was investments.
But, this line was thinking is congruent with the thinking of a Bitcoin bull. This isn’t “blind” investing or totally ignorant. I ist respect part of this.