Grayscale Bitcoin Trust (GBTC) shares have shot up a whopping 220% in value since the beginning of the year, overtaking even tech giant Nvidia.
It’s a wonderful time of the year for early GBTC investors, especially those who took a risk and snapped up these shares in January 2023. Those early months were marred by uncertainty, primarily due to the fallout from the FTX ecosystem collapse, which cast a shadow over the prospects of crypto investments.
According to data from the crypto charting platform TradingView, GBTC shares have not only weathered the storm but have also surpassed Nvidia Corp (NVDA), a well-known top performer among S&P 500 stocks. NVDA achieved a remarkable 198% growth during the year, while GBTC shares surged by an even more impressive 220%, reaching a price of $26.79.
In comparison, Bitcoin (BTC) doubled in value, reaching $35,000, while traditional fixed-income instruments like government bonds faced a sharp decline.
The Driving Force: Bitcoin ETF
The dri
We współpracy z: https://cryptodaily.co.uk/2023/10/grayscale-gbtc-soars-leaves-nvidia-in-the-dust
