I agree that there are degrees of delusionalness, and frequently, it is not gong to be easy to determine when the "going into the 'expert' " might be the right step.  I am a little skeptical of supposed experts and relying on "expert" advice, but sometimes there can be tools, such as lab tests, surgeries, medication, knowledge of tactics that might be available.. and currently out of reach.  Surely crowd sources can be a powerful tool too.. but sometimes we can be lead down the wrong path when we think that we know more than we know - which get's us back to the utility of "experts".. the utility of consulting with peeps who spend a lot of time studying and looking into questions that may well be not easily answered on a superficial level and from persons with less training and background.


Looks like a bunch of bullshit to me.  There have been various discussions regarding GBTC (Grayscale) and related businesses for at least 6-7 weeks - at least around the time that there were realizations that GBTC and Genesis (Genesis had taken something like a $1.2 billion loan from Grayscale - or was it the other way around?) had some relations to Alameda (and therefore FTX/SBF).  So yeah, there is something like a $1 billion-ish shortfall in funds that are needing to be covered but there are a variety of ways out of the matter, including that GBTC had recently (in the past week or so) discussed the possibility of liquidating something like 20% of those 635k BTC.. which may well mean that those coins would go to the holder of GBTC shares..   

Fillippone has an "Everything you wanted to know thread" on such topic - but that thread has not had any updates in the past week.

Part of my point is that there are all kinds of possibilities, and mere claims of futility of the fund, doom and gloom and suggestions that it is all going down seem overblown including whether that "going down" is even likely to happen and even if it were to happen, it may well not be as negatively impactful as the FUD-spreaders are making such "going down" out to be - unless it turns out that GBTC does not have the 635k coins that they claim to have - and I am not even sure if that would necessarily be bearish - even though it would end up fucking up a lot of GBTC shareholders (more relatively affluent people getting fucked by shenanigans.. like the FTX bullshit ended up fucking up a lot of relatively affluent people and not so much the normies who had been attempting to protect their lil selfies by mostly holding their own keys...  - in other words, seems to be ongoing lessons in the value of bearer assets, such as bitcoin, and showing needs to be skeptical/concerned about giving too much power to 3rd parties.. yeah.. give them a little but don't put all of your eggs in the third-party holding your assets basket, if you can).