amed short seller Andrew Left said that he believes the Bitcoin Investment Trust (OTC: GBTC) represents one of the easiest — and most profitable — short opportunities, regardless of what happens to the bitcoin price.
Trader Says to Short Bitcoin Investment Trust
Left, a trader at Citron Research, is “pounding the table” on the Bitcoin Investment Trust, arguing that the shares — which on Monday traded at an 81% premium over the value of the underlying assets — provide short sellers with the perfect opportunity to reap significant profits, even if they are bullish on bitcoin.