This is the dumbest bitcoin bet you can make

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Many people had a good summer — but if you owned stock in Bitcoin Investment Trust GBTC-4.85% you’ve had a really, really good summer.
Shares of this publicly traded bitcoin BTCUSD-0.11% fund jumped $55, or 7%, on Wednesday to close at $830. Your investment would have more than doubled since mid-June, from $382 per share. And the fund is up a staggering 630% since mid-April.

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