Price has taken out $13,000 … next resistance at $14,000. Price entering thin zone of reducing supply.
Its likely Bitcoin tests the all time high around $20,000 by the end of this year.
The GBTC position is up nearly 30% since purchase earlier this month.
It could easily double by the end of this year.
The way to play this long Bitcoin position now: SIT and do nothing, and let the market do the work for you.
PS: I have exited the SSO and UEC positions on Monday morning. Now sitting on 10% cash, waiting for the precious metals sector to show a swing low, before deploying the cash. Its likely to be sometime in November, after the elections. So keep some powder dry.