Contrarian investors who snapped up shares in Grayscale Investment’s bitcoin trust (GBTC) in early January, a time of gloom and doom in the crypto and crypto-adjacent markets, have been rewarded handsomely.
GBTC shares have surged 220% to $26.79 this year, according to charting platform TradingView. Meanwhile, Nvidia Corp (NVDA), the best-performing S&P 500 stock, has risen 198%, with the index registering a 9% gain. Bitcoin (BTC) has doubled this year to $35,000 while traditional fixed-income instruments like government bonds have crashed.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased