GBTC Explained For Beginners! (Grayscale Bitcoin Trust Overview)

Have you ever wondered what GBTC is? Crypto/Bitcoin traders on YouTube and other channels have often mentioned GBTC instead of just regular Bitcoin. In fact this is an Investment Trust which has shares that you can kind of buy like stocks. But it is only available for accredited investors which is why not everyone can access it. However, the way it is set up makes it friendly for institutional investors that want Bitcoin exposure without having to handle the set-up, custody, and other hassles that come with owning your own keys. But of course the flip side is that you don't own your own keys so you don't get the censorship resistant benefits of Bitcoin. Anyways, there is much more in this video to learn about GBTC or Grayscale Bitcoin Trust. Definitely give it a watch and let us know any of your questions/comments in the comment section below!

#GBTC #Bitcoin #Grayscale

[tomaridance]

No fluff in this presentation how great is that!

[donwilliams]

Where do I find the share price comparison @ 7:11 in this video? Charts in real time? Thanks

[natishalagraize]

Thanks for the analysis! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?

[mclucky]

I hold BTC in a cold wallet. I also hold GBTC in a Roth IRA. So yes I may pay a 20/30% premium when I buy GBTC but should BTC take off all my profit can be taken totally free of taxes.

[bitcoinnewbie]

Great video, I always thought I could buy GBTC too when Tyler Jenks (RIP) talked about it. Didn't know you have to be an accredited investor to do so...

[kaje]

So what happens if these ETFs get approval and you're holding gbtc? Does the price of gbtc tank and you're stuck holding a bag of bitcoin coupons you can't redeem?

[timschierenbeck]

Fantastic tutorial, thank you very much!

[wjggmt]

So, if you have 500 or so shares---you have apx half a BTC?

[stephenrendall]

Really insightful video. Thanks adriaan.

[alexng]

sounds so complicated. Cant i just go to some bitcoin mining place and just mine it myself on the side of a mountain.

[randomguyontheinternet]

Low premium usually good time to buy GBTC, high premium usually bad time to buy either gbtc or even btc

[jlai]

I've been trying to buy shares with Fidelity in my IRAs and Fidelity is blocking the trade.

[barbwee]

Just bought five hundred through moo moo app .on nasdaq. Its coming along fine.

[luisadicki]

wow such a high premium, I'll stick to buying mine on Coinbase thanks very much

[rahulagrwl]

I don't understand why GBTC shd have a premium? Shouldn't the associated disadvantages and management expenses make the premium negative?

[ivantenorio]

How about holding MSTR. They hold more BTC than GBTC

[beulahmoore]

great explainer vid adrian, I always learn a lot from them thanks

[jeslis]

THERE WILL NEVER BE A LAMBO IF U GET GBTC. RETURNS MAINLY GOTO GRAYSCALE. U GET FRACTIONAL

[mitch]

I see this question being asked but no answer so I’m gonna ask it as well. It seems that a bitcoin ETF is in evitable. Looks like it may be approved later in this year. Assuming that’s the case, what happens to GBTC?

[jeslis]

Institutionals doing what they do best. Hustle the unaware