RE: Bitcoin Rampage Continues
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Hmm, alot of insight @valued-customer
I guess one major thing grayscale have over Blackrock and any other financial institution that will apply for bitcoin ETF is that they currently own over 600000 bitcoin, which is major, If Blackrock wants to compete they will have to either start buying bitcoin which will most likely set the bitcoin price well over $100k or they will have to buy GBTC from grayscale both of which will be a huge win win for GBTC and bitcoin holders. Cause I'm seeing it happening.
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Could be. As I pointed out, I have learned several ways all my capital can disappear, by having them happen to me. Something else I learned from those events was that fraud happens, and there is more than one way to skin a cat, because I never got skinned the same way twice. Is grayscale a stock corporation? BlackRock owns a majority interest, together with StateStreet and Vanguard, in ~90% of stock corporations in the world. Let's hope they're not vulnerable to being bribed, blackmailed, or bamboozled, either.
You only profit when you sell. Sell high, my friend!
Ohh, yeah that's true anyway. I guess selling than buying will be the best option right now and now to avoid story that touches the heart.
Thanks so much @valued-customer, your words has really been insightful.
Don't take my advice! I'll lead you astray. I dunno how long BlackRock will keep pumping the price of BTC. You have to judge that yourself.
Good luck!