## Bitcoin Investment Trust Overrated ##
The trust has reached market value of $ 1.8 billion currently, due to which some high profile investors can increase alarm bells. This controversial investor Andrew left, who is famous for predicting that shares of overvalued companies will fall, have said that this assessment is completely ridiculous and warns against the structure of the fund, although it does not necessarily mean that bitcoin by itself
This trust is an investment firm by Grayscale Investments, which is specially focused on digital currencies. It is designed to track the price of bitcoin; the actual book value of this investment vehicle is approximately $ 820 million, considering the cost of bitcoin at the last 4,700 dollars and 174,174 in the budget. So you have a situation where the market value of the fund is twice the underlying asset.
One of the biggest attractions of the fund is the ability to trade in the price of Bitcoin, in reality without the hassle of directly purchasing it. This is another red flag for the left, which states: They have insurance for Bitcoin that they are the custodians of the Bitcoin Investment Trust, this year, 79% of the cost to break records of Bitcoin has increased. The cost of bitcoin has increased by just 400% compared to that. Higher premiums can be a problem for new investors.
This fund is the first of its kind and it is a very big factor in which it is more than the inflated evaluation. Although the crypto currency market is rapidly evolving. Other, such funds will undoubtedly enter the market. Which will put very little pressure on the evaluation of the Bitcoin Investment Trust?
Excellent post..keep it up
Steemit Friends: this blog for Steemians. thanks for up vote and sharing .!!!!☺️
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond Please consider upvoting this comment as this project is supported only by your upvotes!