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Bitcoin Stocks to Buy - Bitcoin
Investment Trust (GBTC) is the best bitocoin stock to buy in 2020 because it tracks the cryptocurrency fairly well.
GBTC has been trading at a premium to actual Bitcoin prices and right now the dollar amount premium is still low For
example, when the price of Bitcoin soared to a high of $`14,000, GBTC traded up into the $17's or almost a 30% premium to
the price of Bitcoin. In dollar terms, for every Bitcoin at $14,000, you were paying an extra $3,000 premium to own
1 bitcoin in GBTC. This is a huge deal and is why you want to be purchasing GBTC in 2020.
Why am I bullish
on Bitcoin in 2020 and long term? Starting in 2020, the Bitcoin halving will take place again. Every four years,
the mining reward per 10 minutes is cut in half. Around May 14, 2020, the reward to miners will drop from 12.5 Bitcoins
every 10 minutes to 6.25. Supply is cut in half so when the demand comes back, it will add extra fuel to the rally.
In 2024, the reward will drop from 6.25 to 3.125 every 10 minutes. Huge price surges usually follow when investors digest
the scarcity of this asset. Buy GBTC or actual Bitcoin in 2020/2021.