Anyone surprised?
Don’t disagree with your approach, but if you can accumulate more fiat at a level correlated with the price of #bitcoin, it means you can achieve a larger sat position.
The trade isn’t for everyone and that discount may get larger as the lawsuits goes on, but a settlement will give a 72% increase on cash invested with 1 for 1 correlation with #bitcoin less fees
#bitcoin is on sale… (not just because it is undervalued and not just because it is coming into the halving)
$GBTC closed Friday at a 42% discount. Buyers of this trust are buying #bitcoin at ~$15,800 but incurring chunky annual fees (around 3.5% on cash)
As they shared at the #Miami @TheBitcoinConf - Fir Tree Partners (a US hedge fund) are suing Grayscale to force the ability to redeem.
If successful, the discount will close immediately. This may create some sellers of #bitcoin, but Fir Tree are likely running a short against their position which they will need to cover.
A 42% discount is closed with a 72.4% upside move.
The lawsuit has been going on since last year, so there may be some more time for this to play out, but might be an interesting way to play the halving.
Let’s bring Macri back. He understands Bitcoin after being schooled by #[0]
https://www.theguardian.com/world/2023/mar/15/argentina-inflation-rate-100-percent
🍊💊Orange pilling is the moral responsibility of every Bitcoiner
Yeah helped me figure out how to put my own lightening wallet in my profile. Slowly slowly for the older dudes :)
It is every Bitcoiner’s responsibility to orange pill the masses. Only then can we avoid the toxic CBDCs #Bitcoin