RE: It looks like we will hit 10 000 USD on BTC soon.

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It looks like we will hit 10 000 USD on BTC soon.

in bitcoin •  7 years ago 

I totally didn't understand this post. Why would BTC trade at 10k per share now with them?

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  ·  7 years ago (edited)

They're basically saying 1 share of GBTC is 0.09 BTC (which costs $927 right now). So based on this 1BTC should be $10,300 = 927/0.09.

But my question is that who said 1 share of GBTC is 0.09? I mean it can be just an agreement!

I have the same question...