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Sunday, June 4, 2017

Actual Bitcoin Worth

Investors are drunk on bitcoin. As I write this, the Bitcoin Investment Trust (NASDAQOTH:GBTC) is trading at more than 125% more than its underlying bitcoin are worth.  Shares currently trade at $505 per share, valuing the underlying bitcoin at 125% more than they can be purchased for at a popular online exchange. Each share represents ownership of approximately 0.093 bitcoin.

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