3309 Drysdale Ct
Edwardsville, IL 62025
bitcoin // gbtc
Matt, please address your thoughts on GBTC on your weekend
Seems like a bit of a disconnect between gbtc price behaviour
and the cash bitcoin...
With this weekend breakout, if it sustains might mean a huge gap
on gbtc on monday...open teerritory or can yoy identify some
cheers and best to all
Thanks Steve for both articles.
I am queite aware that gbtc trades at a premium to NAV of
their bitcoin holdings....Nevertheless although that premium
fluctuates, it has mantained a high correlation...if the 25%
premium is any good as an indicator, gbtc shall be trading in
the region of 34 for a 27/28 k price of bitcoin...let's
As far as regulators wanting to limit investors interest in
bitcoin and other cryptos, nit is othing that I get too much of a
surprise...It is exactly the same reasoning that was used
with gold in the past (making it ilegal to hold).
The end result has been always the same when the option
is/was debasing a currency that is or has been the reserve
currency of the world...if it had not this status, the end result
would be even more drastic and severe ( just look at
other latin american currencies ).
Cheers and all the best
Yes - GBTC is likely to trade higher on Monday's open if Bitcoin
remains near current prices. Here is the best advice - devise
a plan that fits YOUR beliefs and execute upon that plan.
Bitcoin has limited supply and increasing demand of late
which has led to increased upside movement - large gyrations of
late so remain prudent and respect the charts.
I like Steve's polite and refined admonition:
"devise a plan that fits YOUR beliefs and execute upon that
plan. " I would express it more bluntly like "Be
quick or be dead!" Looks like a blow off top to me.
Please start by reading the prospectus on GBTC and how it
relates to Bitcoin.
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