Tag: Privilege

CNBC viewers are now paying a 33% premium for the privilege of paying GBTC a 2% per year fee to store Bitcoin that they could easily store themselves for free. GBTC then creates new shares which it sells into the market at a huge premium, using the proceeds to buy more Bitcoin.

by Peter Schiff
CNBC viewers are now paying a 33% premium for the privilege of paying GBTC a 2% per year fee to store Bitcoin that they could easily store themselves for free. GBTC then creates new shares which it sells into the market at a huge premium, using the proceeds to buy more #Bitcoin.

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