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Wall Street's Tom Lee recommends Bitcoin Trust

Wall Street strategist Tom Lee recommends risky over-the-counter bitcoin trust

  • Fundstrat's Tom Lee said in a Wednesday report that the Bitcoin Investment Trust, which trades over-the-counter under the GBTC ticker, is getting better at tracking bitcoin and could rise nearly 250 percent or more.
  • "The bitcoin investment trust, GBTC, is essentially the only 'game in town' if a U.S.-based investor wants to gain exposure to bitcoin," writes the strategist.
  • Lee remains the only major Wall Street strategist to have issued official recommendations on bitcoin.

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