HomeUncategorizedGBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17% By Cointelegraph

GBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17% By Cointelegraph

August 30, 2023

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© Reuters.

(BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), could erase its BTC price “discount” in 2024.

In an X (formerly Twitter) post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” would soon return.

GBTC premium vs. asset holdings vs. chart (screenshot). Source: CoinGlass
GBTC Bitcoin holdings data. Source: Dylan LeClair/X
BTC/USD 1-day chart with 200-day, 200-week MA. Source: TradingView
BTC/USD annotated chart. Source: Rekt Capital/X