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Politics & Religion / Re: Money, the Fed, Banking, Monetary Policy, Dollar, bitcoin, crypto, Gold/Silver
« on: June 30, 2022, 04:14:13 AM »
A. With GBTC ETF denied. Some experts think there are two pathways forward.
1. GBTC sues the SEC and wins, in 1-1.5 years. This would remove the 30 % discount at the moment. People who think this might happen are going to buy GBTC at a 30 % discount and hold on.
2. The GBTC trust is dismantled or sold to another entity, who wants to acquire the largest hoard of BTC. In this case also, the GBTC holders will get the full current price of BTC.
BTC is in a bear market and touching lows that were inconceivable. Once Powell pivots, or the markets stabilize, BTC will bounce back too. BTC has an inverse relationship with the dollar, so softening of the dollar will also help. As I have said before, the pain is similar to what previous hodlers felt at 3.5k in 2018 and we all regret not buying more.
B. we are at the "then they fight you stage". European regulators want to do away with what they call "unhosted wallets" like Trezor
1. GBTC sues the SEC and wins, in 1-1.5 years. This would remove the 30 % discount at the moment. People who think this might happen are going to buy GBTC at a 30 % discount and hold on.
2. The GBTC trust is dismantled or sold to another entity, who wants to acquire the largest hoard of BTC. In this case also, the GBTC holders will get the full current price of BTC.
BTC is in a bear market and touching lows that were inconceivable. Once Powell pivots, or the markets stabilize, BTC will bounce back too. BTC has an inverse relationship with the dollar, so softening of the dollar will also help. As I have said before, the pain is similar to what previous hodlers felt at 3.5k in 2018 and we all regret not buying more.
B. we are at the "then they fight you stage". European regulators want to do away with what they call "unhosted wallets" like Trezor