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RE: Bitcoin Investment Trust (GBTC) Tax Structure (CTB Off Topic)
I feel like this is an issue that needs to be a more talked about issue. In general, it just seems like people are not aware of the potential underlying penalties with GBTC. Also, a $10,000 valuation of Bitcoin would be crazy. Could it be possible that it is slightly overvalued or am I just being bearish?
Guess, what, just 10 hours later the implied value is approximately $11,503 ($1,064 / 0.09258535)!!!!