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Showing posts from October 25, 2017

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. Read full article