Its better to give up in life and stop trying so hard to be financially Independent and Succesful.
The game is not fair so its Impossible for Acerage person to reach anywhere in life.
I give up no point!
As @darude wrote, bitcoin is the single, biggest chance in history to subvert the social status quo, redistributing wealth not on legacy powers, self-fulfilling mechanism and privileges, but only on smartness, maths and pure luck (yes, many of of were simply lucky to get into bitcoin so early).
So, instead of whining about society, you should try to stack as may sats as possible before the inevitable happens.
Now, please, let’s get back in topic, discussing the mechanism of the Grayscale fund, who none of us like, apparently, but is a contingent evil in our ecosystem.
I would agree. Like many others I think bitcoin is revolutionary. History will look back at bitcoin as having as big an impact as the introduction of fire, language, coinage, the printing press, the bible, double book accounting, bank notes, gun powder, the sextant, etc etc.
But going back to GBTC like you suggest, I wonder if de-leveraging is another issue that might be affecting the price. Michael Burry of 'The Big Short' fame has cryptically tweeted about how bitcoiners are ignoring the impact of leverage in the price rise, and the probable eventual crash.
Could it be that those who are arbitraging the premium (by buying bitcoin, waiting 6 months, and then selling GBTC shares) took advantage or entered during the 20k to 50k run, and now must exit. I'm curious if there's a way to determine this.
I use TDAmeritrade, and the volume for GBTC yesterday and I think all last week has been light. That would indicate that there was little buying in the secondary market, no? So, the price pull back from 58k left a dearth of interested buyers in the secondary market, at the same time that leveraged abitragers want to exit GBTC, and also at the time end bitcoin instruments are entering the market, all leading to negative premium.