Editor's Note: This is the only guide you need to purchase Bitcoin...
And thanks to the Bitcoin Trust 91-for-1 stock split, it's about to get even easier for investors to buy.
The trust tracks the Bitcoin market price, but it trades just like a stock. All you need is a brokerage account to buy shares.
But we know our readers have a lot of questions about the GBTC stock split, which is why we had to make sure we provided this time-sensitive guide today.
That's because the Bitcoin Investment Trust stock split is only one week away...
When Is the Bitcoin Investment Trust Stock Split?
The Bitcoin Investment Trust stock split is scheduled for Jan. 26, 2018.
The Bitcoin Investment Trust is splitting its stock to make it more attractive to retail investors.
Today, it costs $1,898 to own just one share of GBTC stock. That seems too pricey for most retail investors.
An investor with $10,000 to use could only buy five shares of GBTC stock, and they might prefer to use the money to control more shares of a cheaper stock.
But the 91-for-1 stock split will make the share price more affordable, and easier to buy and sell, for retail investors.
Now, stock splits can be confusing, and it's going to seem like the GBTC stock price is going to plummet next Friday.
But there's nothing to worry about...
What Will Happen During the Bitcoin Investment Trust Stock Split?
On the day of the Bitcoin Investment Trust stock split, shareholders will receive 90 additional shares of GBTC for each share held.
For example, if the split happened today with the opening price of $1,898, each share would be worth $21.08.
|Stock Symbol||Shares||Price Per Share||Account Value|
It will only look like the stock price has plummeted, but the value is still the same.
That means if you already own GBTC stock, you'll simply get more shares. And if you're interested in buying GBTC stock, you'll be able to own more shares when you decide to buy.
Readers have also been asking us what they have to do to receive the 90 shares for the GBTC stock split.
Here's the answer...
What Do I Have to Do for the Bitcoin Investment Trust Stock Split?
On the day of the Bitcoin Investment Trust stock split, you won't have to do anything.
As long as you are a shareholder as of Jan. 22, 2018, you will receive 90 additional shares of GBTC stock for each share you hold.
Now, when GBTC is split and potentially trades for $30 per share instead of $1,898, more investors could become interested in buying the stock, driving up the share price.
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After all, there's a Bitcoin price prediction that shows the price reaching $75,000 this year, and the GBTC stock price will tick up right along with Bitcoin's price movements.
But before adding the Bitcoin Investment Trust stock to your portfolio, you need to read this...