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RE: GBTC (Bitcoin Investment Trust) High Impact Trade: Buy $684-$648; STOP $614; Target $,1400 (Profit Potential 116%)
Interesting analysis! GBTC in the past couples months traded at a very high premium to the underlying value of Bitcoin. But BTC price has risen more than the GBTC price recently, so now the premium is narrowing (although still 25-30%).
Agreed. Hence, more the reason for GBTC to cath up to old levels of premium.