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The upshot: A mix of shares, bonds and bitcoin has outperformed shares and bonds. Let’s say, for no matter motive, you couldn’t personal spot bitcoin and solely had entry to the Grayscale Bitcoin Belief (GBTC). The GBTC at the moment trades at a 35% low cost to its web asset worth (NAV), has lagged the spot value of bitcoin, and has a 2% administration price connected to it. We’ll use it because the proxy given the broad availability of its possession – once more, spot would solely enhance the next figures. (Disclosure: Grayscale is a completely owned subsidiary of DCG, which can be CoinDesk’s father or mother firm.)
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