Will GBTC Crash Bitcoin?

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
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Use the discount code YT99 to get the best price.

In this video, I discuss various scenarios surrounding GBTC and its possible liquidation.

Liquidating this trust would almost certainly have a large impact on the short-term price of Bitcoin, as all of those Bitcoin held by GBTC hit the market.

However a dissolution or liquidation of the trust is highly unlikely simply because it throws off so much cash from its 2% management fee.

It would make more sense for DCG to sell GBTC to another sponsor, rather than liquidating it.

If you hold real BTC in cold storage, you don't even need to follow this saga about reckless over-leveraged companies.

Not investment advice! Consult a financial advisor.

Grayscale Bitcoin Trust facts:
https://grayscale.com/products/graysc...

GBTC prospectus:
https://www.sec.gov/Archives/edgar/da...

Chart of GBTC discount/premium:
https://ycharts.com/companies/GBTC/di...

DCG holdings of GBTC:
https://twitter.com/intangiblecoins/s...

David Bailey:
https://twitter.com/davidfbailey

Redeem GBTC campaign:
https://www.redeemgbtc.com/

Valkyrie wants to be the new sponsor:
https://valkyrieinvest.com/press/oppo...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#gbtc
#grayscale

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