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RE: Why I broke down and bought a few GBTC in my IRA
Agreed. I would like to point out that another key factor is IRA: no tax from capital gain. You can hold days then sell then buy back. This is a huge advantage comparing to trading BTC directly.
Yes, indeed. Another reason I am using that as opposed to a traditional account.
Yes using an IRA is a great point. So much better than trying to deal with filing with the IRS for each buy of Bitcoin if you are in the US!
The other part I am interested in is to see what the actual premium is on GBTC. I just looked it up as of Jan 30 it is 67%. You can actually see the market price compared to the NAV on the Grayscale website:
https://grayscale.co/bitcoin-investment-trust/#market-performance