bitcoin // gbtc Matt, please address

    Posted by alseq on 26th of Dec 2020 at 04:47 pm

    bitcoin // gbtc

    Matt, please address your thoughts on GBTC on your weekend newsletter....

    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 targets??

    cheers and best to all

    Bitcoin

    Posted by steve on 27th of Dec 2020 at 09:58 am

    https://www.bloomberg.com/news/articles/2020-12-27/bitcoin-faces-regulatory-scrutiny-after-record-breaking-rally?srnd=premium

    Thanks Steve for both articles. I

    Posted by alseq on 27th of Dec 2020 at 11:34 am

    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 see!

    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

    Coinbase Link to Currently Bitcoin Price

    Posted by steve on 27th of Dec 2020 at 12:22 pm

    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. 

    https://www.coindesk.com/price/bitcoin

    I like Steve's polite and

    Posted by joepiper on 27th of Dec 2020 at 12:49 pm

    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

    Posted by steve on 27th of Dec 2020 at 09:51 am

    Please start by reading the prospectus on GBTC and how it relates to Bitcoin.

    https://www.fool.com/investing/2019/03/23/is-grayscale-bitcoin-trust-a-buy.aspx

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