WhatUp Bitcoin?

With commodities as dead as can be, we cannot ignore the unprecedented rise of Bitcoin. 

5/11/2015 = 1000

BTC = Bitcoin USD (BTC-USD)

GBTC = Grayscale Bitcoin Trust (BTC) (GBTC)

Source: Yahoo Finance

The chart above shows the relative performance of Bitcoin itself, BTC, up14X, as reported by CoinMarketCap.com and Yahoo; and the widely available bitcoin ETF, Grayscale Bitcoin Trust, GBTC, up 6X since the GBTC 5/11/15 inception.

With gold up only double digits, and crude oil a disappointment, GBTC is up over 30% since January 1!  Bitcoin is up more.

With BTC emerging from the lawlessness of Silk Road it has earned a role as the new gold or maybe the dotcom boom all over again. Rising and falling with uncertainty, the mainstream ETF GBTC at $44 a share, at least, may merit a place in anyone's portfolio - no blockchain required. 

Feel free to post comments.

Disclaimer: Posts are for education only and not investment advice, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors.