I want to discuss the movement that we have had in Bitcoin. We haven't written an article about Bitcoin in some time and now that we have crypto-euphoria again, I wanted to see what the Variable Changing Price Momentum Indicator (VC PMI) tells us about GBTC.
The Grayscale Bitcoin Trust (OTCQX:GBTC) is a trust that only holds Bitcoin (BTC-USD) and is probably the fastest way stock investors can use to gain exposure to this cryptocurrency. This is because regulators still haven't approved an official Bitcoin ETF. As a result, GBTC is the best alternative we have for Bitcoin as stock market investors.