Currently there is only one way to buy 'bitcoin' with traditional means...
And that is buying through GBTC.
The bitcoin investment trust.
It mimics roughly the same price action as bitcoin.
Though it often trades at a significant premium to its holdings due to it being the only quasi ETF/ETN in town.
It's funny that the SEC won't approve a regulated ETF product but instead forces investors to buy things like GBTC trading at a significant premium and or buy it on unregulated crypto markets.
How in the world does that make sense in terms of protecting investors?
Anyways...
On to the GBTC chart:
(Source: ~~~ embed:1107442675735683072) twitter metadata:bmFhc2hvbm9taWNzfHxodHRwczovL3R3aXR0ZXIuY29tL25hYXNob25vbWljcy9zdGF0dXMvMTEwNzQ0MjY3NTczNTY4MzA3Mil8 ~~~
Looks like a good time to be buying it in all your IRA and 401k accounts...
Did you do it?
Don’t do it!
Why not?