Post
Topic
Board Bitcoin Discussion
Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
by
Kiley33
on 09/08/2021, 03:09:41 UTC
After the unlocking of the last batch of GBTC, the continued discount of Bitcoin Trust is undergoing a sharp reversal. This significant reversal may be a signal that investors are confident in the recent recovery of BTC.
https://bitcoinexchangeguide.com/gbtc-discount-sees-a-sharp-reversal-as-the-final-unlock-clears/


I don't think the decline in GBTC will have a significant effect on the market because even if it is sold by investors, what they sell is the grayscale stock itself and even if there is volatility in the crypto market it is only the speculators themselves in creating issues over the unlocking of GBTC. We all know that Grayscale has its own competitor such as ETF BTC and we know GBTC is more expensive than BTC.
This may be an opportunity.