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Is Wrapped Bitcoin a Screaming Buy Right Now?

TheMotleyFool

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Is Wrapped Bitcoin a Screaming Buy Right Now?:

Wrapped Bitcoin (CRYPTO: WBTC) aims to mirror the value of a Bitcoin (CRYPTO: BTC) token, paired with the higher transaction speed and richer functionality of the Ethereum (CRYPTO: ETH) network. After a relatively volatile winter of 2020/2021, the digital currency has done a sterling job of staying close to Bitcoin's prices since late April.

The top chart here shows Wrapped Bitcoin prices in orange sticking very close to regular bitcoin prices throughout 2021. The less exciting chart below that shows the ratio between those two prices over time, As expected, the result of dividing Wrapped Bitcoin's price tag by Bitcoin's on the same day resulted in values very close to 1.0 for most of the year.