Grayscale Bitcoin Trust Soars Over 5,700% in 5 Years, Outperforming Nearly All S&P 500 Stocks as Bitcoin Hits New Highs
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Grayscale Bitcoin Trust posted a massive 5,703% gain from May 2015 to now, beating all but one S&P 500 stock (Nvidia).
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Bitcoin keeps hitting new highs, now nearing $35k. Investors are looking to add exposure through potential new spot bitcoin ETFs.
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Grayscale Bitcoin Trust had a 49.7% average annual return over 10 years, higher than top leveraged and tech ETFs.
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Bitcoin's low correlation to stocks and ability to rally during crises give it diversification benefits.
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Analysts see bitcoin heading to $40k in 12 months due to growing uses and government stimulus tailwinds.