Bitcoin Is Here To Stay, And GBTC Offers ~56% Upside To BTC

Oct. 17, 2022 5:41 PM ETBitcoin USD (BTC-USD), GBTCUST-USD, CEL-USD131 Comments
Logan Kane profile picture
Logan Kane
20.37K Followers

Summary

  • Once the wildest assets in the history of financial markets, Bitcoin's volatility is steadily falling even as volatility levels for stocks rise.
  • The fundamental thesis for Bitcoin is unchanged–unstoppable adoption in third-world countries should drive the network's value to multiples of where it presently is.
  • Most (but likely not all) crypto-adjacent fraud has been washed away, and institutional players are waging a legal battle to get a spot Bitcoin ETF for US investors.
  • Why I remain positive on Bitcoin for the long run despite short-term downward momentum, and why GBTC is a great way to play BTC for patient investors.
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Investing was pretty easy in late 2020 and 2021–all many investors had to do was phone their bets in and collect their winnings. No group of investors did better than the crypto faithful, with investing in Bitcoin (BTC-USD) alone

This article was written by

Logan Kane profile picture
20.37K Followers
Author and entrepreneur. My articles typically cover macroeconomic trends, portfolio strategy, value investing, and behavioral finance. I like to profit from the biases and constraints of other investors. My work is available along with 1,000+ other authors by subscribing to Seeking Alpha Premium.You can read some more of my work here on my Substack.

Disclosure: I/we have a beneficial long position in the shares of GBTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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