Why you should buy bitcoin and not GBTC

Tiena Sekharan
7 min readDec 30, 2020

Retail investors have been gaining exposure to bitcoin through the Grayscale Bitcoin Trust (GBTC). Finding it bizarre that despite the existence of avenues for buying bitcoin directly, investors were choosing to buy GBTC which trades at a 25% premium to bitcoin, I decided to investigate further.

The conclusion I arrive at is straightforward:

GBTC enriches institutional

Tiena Sekharan

I’m passionate about Cryptocurrencies and am keen to help those struggling to make sense of this world with all its confusing terms and esoteric concepts.