Will GBTC Crash Bitcoin?

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss various scenarios surrounding GBTC and its possible liquidation.

Liquidating this trust would almost certainly have a large impact on the short-term price of Bitcoin, as all of those Bitcoin held by GBTC hit the market.

However a dissolution or liquidation of the trust is highly unlikely simply because it throws off so much cash from its 2% management fee.

It would make more sense for DCG to sell GBTC to another sponsor, rather than liquidating it.

If you hold real BTC in cold storage, you don't even need to follow this saga about reckless over-leveraged companies.

Not investment advice! Consult a financial advisor.

Grayscale Bitcoin Trust facts:
https://grayscale.com/products/grayscale-bitcoin-trust/

GBTC prospectus:
https://www.sec.gov/Archives/edgar/data/1588489/000119312517013693/d157414ds1.htm

Chart of GBTC discount/premium:
https://ycharts.com/companies/GBTC/discount_or_premium_to_nav

DCG holdings of GBTC:
https://twitter.com/intangiblecoins/status/1611547972684206081

David Bailey:
https://twitter.com/davidfbailey

Redeem GBTC campaign:
https://www.redeemgbtc.com/

Valkyrie wants to be the new sponsor:
https://valkyrieinvest.com/press/opportunities-around-gbtc/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#gbtc
#grayscale

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.