Some have postulated that investors are selling gold and buying Bitcoin. Since they have nothing in common, I doubt that’s happening. But some speculators may be selling gold stocks and buying GBTC, with gold stocks falling as gold rises, and GBTC trading up to a 25% premium.

by Peter Schiff
Some have postulated that investors are selling #gold and buying #Bitcoin. Since they have nothing in common, I doubt that’s happening. But some speculators may be selling gold stocks and buying GBTC, with gold stocks falling as gold rises, and GBTC trading up to a 25% premium.

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Bitcoin (BTC) $ 42,157.30 1.28%
Ethereum (ETH) $ 2,215.40 0.40%
Litecoin (LTC) $ 71.96 0.74%
Bitcoin Cash (BCH) $ 240.71 2.23%