Replying to Avatar Seth Michael Steele

I really don’t want to compete with the largest asset managers for the remaining #Bitcoin, but I might have no other choice.

My only hope relies on Brian Armstrong flying too close to the sun and botching the whole thing. So far odds seem in my favor, especially since people are getting overly optimistic on approval.

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Crizzo 2y ago

I've been using the GBTC discount to gauge how likely markets think ETF approvals are. While it did drop from 40 to 25% after the announcements that is still a big discount for something that might see imminent ETF approval that could bring share prices up to spot.

I've already been toying with the idea that the applications are a psyop to suppress the price by giving people hope and rugging them when they all get denied.

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