Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
⭐ Merited by fillippone (4)
Are we finally seeing the beginning of the end for Grayscale's dominance of the way institutional buyers get exposure to Bitcoin??
Good point.
As you know, if you read this thread, I am not a big fan of Grayscale.
But they actually cleared the way for the new vehicle, showing that the market wanted a lean, effective, safe and tax-efficient way of storing bitcoins.
Of course, as more and more competitor start flowing to this new honeypot, Grayscale is going to lose market share, but I think the market will eventually get bigger and bigger, so they will be able to manage their competitive advantage.
Think about Tesla, the carmaker, not the bitcoin investor. Every time a new competitor in the industry is launching a new model the press calls that a "Tesla killer" when in reality is an "ICE Killer". Tesla could lose market share in the electric industry but can thrive if the industry gets bigger and bigger.
Same things for Grayscale: for sure more competitors can join the market, but the real losers will be those standing out of the market, not Grayscale.
Are You part of grayscale? Why Else You promote grayscale Here then?
What the fuck you talking about, cryptoboss2020? Do you know any lil thing? Have you read various posts from fillippone? He does not appear to be promoting anything except providing information that you can take or leave, and apparently you, diptwat cryptoboss2020, want to sling a bit of mud about nonsense that you seem to not know shit about....
so anyhow, you seem to be starting off with a faulty premise (and seems to be almost purposeful that you want to read bias into a situation that is no where close to bias in its presentation of information.
And Why we should be grateful the Bitcoin is low Not even 100k 200k Price range.
Bitcoin's price is whereever it happens to be, and you can be grateful if you like or you can complain about it.. that's up to you, and I suppose if you are anxious about the whole matter and you wish the prices were higher than you might not be very grateful, but you are just coming off as a greedy and lame ass fuck, because bitcoin has had plenty price appreciation in the past 5 months, and whether it continues to go up or not, there seems to be a quite a bit of gratefulness that could be appreciated - especially 5x returns in 5 months...
And, even if the BTC price models are far from guaranteed, there could well be another 5x from here or even more in the coming several months or it could even take up to 18 months or so to play out in terms of reaching the top of this particular cycle.. that is if price cycles continue in the coming months and years in similar ways as to which the models suggest and also bitcoin's price history seem to lend decent probabilities to price cycles continuing to play out in the coming years.
If the Wall street are in at least they should send the Bitcoin Price Up Why else we need them in Bitcoin?
Maybe you are correct about the point that bitcoin does not need wallstreet, but you frame the whole matter in a real cunty, greedy and entitled kind of way. None of us are entitled to shit in bitcoin, but surely each of us are going to be better off is we prepare ourselves for BTC price movements that could go in either direction, even if the BTC price prediction models lend pretty damned decent probabilities that bitcoin continues to be in an UPpity price cycle.. but even decent probabilities do not mean shit if the BTC price ends up moving contrary to the probabilities, perhaps to teach some presumptuous twats like you that nothing is guaranteed, especially for presumptuous fucktwats like you, in bitcoinlandia.
Let the grayscale do Something useful for us
You think that you deserve something?
And who is the "us" you speak about? Do you have a rock in your pocket?