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Trade initiation: Long Grayscale Bitcoin Trust (GBTC)


Investing in GBTC should be seen as a very high risk-reward proposition. We see 100% upside but also 33% downside. Risks include the possibility that Bitcoin winter is not over, that GBTC's parent company does not act in the best interest of shareholders due to their own financial trouble, and that GBTC's discount to NAV grows larger.

Ned Davis Research | Thematic | Investment | N/A

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