It turns out Bitcoin Investment Trust really was overvalued - ConsultFX

It turns out Bitcoin Investment Trust really was overvalued

Short seller scores a win I about Bitcoin Investment Trust on Monday when shares were trading above $3,000. wrote The problem, as Andrew Left at Citron Research had pointed out, was that this was a company that held Bitcoin, like an ETF. Owning the company was akin to owning Bitcoin so the price should closely mirror Bitcoin Copyright 2015 Forexlive.com