Grayscale Bitcoin Trust (GBTC) is trading at a serious premium, counting on the price of bitcoin to nearly $15 000 – this suggests that further achievements are inevitable.
Data from recent performance Grayscale fixed it at the level of $14,64 as of June 24. At these levels investors are working with the bitcoin price from $14 640.
The prize, which is about 30%, is not new, but has increased significantly since the bitcoin consolidates its position in the last three months a long period.
At one point, GBTC was trading above $15, with 40% of the award, has resulted in significant growth trends of the market were still on the horizon.
Big money coming in!
popular trader summed up Monday’s data links.
It is known that the GBTC became a criterion for the appetite of institutional investors for the growth of bitcoin.
His prize was reinforced analysts were looking for the final return of the cryptocurrency market bears after 2018, correlating with the popular theory that the institutions will eventually be FOMO in bitcoins.
This “fear of losing” was supposed to start, because BTC/USD has made a $10,000 last week, according to sources, including Tom Lee of Fundstrat Global Advisors.
In this case, bitcoin returned support in the amount of $11 000 to 24 hours, and since then the growth has been preserved, and the price overcame a 15-month high above $11 350.
Although the talk now around the worry that bitcoin can be bought in modern conditions, Barry Silbert (Barry Silbert), founder of Grayscale, remains committed to a relatively nearby options.
$20 000 is a magnet
he summarized about the potential of bitcoin prices in social networks by the weekend.
However, he agreed with the latest analysis Lee, BTC/USD could make its decisive step for a while.
Strong step cryptocurrency this week, and especially BTC historically generates its annual capacity for 10 days. Miss these 10 days, and the median income – 25%,
– he wrote.
In an interview with Bloomberg, meanwhile, Silbert remains strongly bullish.
We’ve gone through enough obstacles, the price dropped by 80% four times, but the last four times the price reached record values
“If you look at a price chart of bitcoin, it seems that we believe crypto-winter, and we moved on to the crypto-spring”