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I couldn’t resist you set me up, hope story wasn’t true.
Has the food improved?
Working on tightening the gap....
https://news.bitcoin.com/peter-schiff-claims-grayscale-will-sell-btc-to-fund-dcgs-acquisition-of-gbtc-shares-rebuffed/
Meanwhile Son is all in...young vs old
Spencer Schiff, the son of bitcoin detractor Peter Schiff, has decided to move 100% of his portfolio investments into the world's most popular cryptocurrency.
Lol...It’s cheap when you don’t buy.
They think so too. (5:14 today)
According to these new job postings, Grayscale might be trying to launch a #Bitcoin ETF. This could be huge. pic.twitter.com/AOd0cTgtPG
https://en.ethereumworldnews.com/grayscales-new-job-postings-suggest-a-bitcoin-etf-application/
Digital Currency Group To Buy $250 Million Of Grayscale Bitcoin Trust Shares
5:14pm ET 3/10/2021 Benzinga
Mentioned in article
GBTC
Digital Currency Group Inc (DCG), the parent company of Grayscale Investments, plans to purchase $250 million worth of shares in Grayscale Bitcoin Trust (OTCQX: GBTC).
What Happened: In a press release shared by the company earlier today, DCG disclosed that it would make the purchase on the open market while funding it with cash on hand.
DCG's CEO Barry Silbert is considered one of the most active investors in the blockchain sector, as DCG backs over 175 blockchain-related companies over 35 countries.
Why it matters: DCG subsidiary Grayscale Investments has over $42 billion under its assets management, making it undoubtedly the largest digital currency asset manager.
Of all Grayscale's products, its Bitcoin Trust remains the most popular investment vehicle, particularly to institutional investors as it offers them a regulated option to gain indirect exposure to Bitcoin.
Throughout most of its existence, shares of the Grayscale Bitcoin Trust (GBTC) have traded at a premium to its Net Asset Value (NAV), but more recently, that premium has turned into a discount.
According to data from Ycharts, the discount was around -3.2% at the time of writing â??â?? a sharp contrast from its premium of over 40% in December 2020.
Factors contributing to the fall in this premium include large investors cashing out of GBTC as well as competing products, like Canada's Bitcoin ETF capturing some of the market.
What Else: According to Grayscale's website, the company seems to be actively hiring ETF specialists.
According to these new job postings, Grayscale might be trying to launch a #Bitcoin ETF. This could be huge. pic.twitter.com/AOd0cTgtPG
â?? Bloqport (@Bloqport) March 10, 2021
The job postings indicate that Grayscale might be trying to launch its own Bitcoin ETF â?? a prospect that excited many in the crypto community.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Will see, something they need to address.
Grayscale Halts New Investments in GBTC After Trading at 15% Below Bitcoin
]https://www.coindesk.com/grayscale-halts-new-investments-in-gbtc-after-trading-at-15-below-bitcoin
I try this again....Read.
Bitcoin (CRYPTO: BTC) may be headed for the $100,000 mark by the end of this month, according to Mike McGlone, a Bloomberg analyst.
What Happened: McGlone, who previously ascribed a $50,000 plus level for the cryptocurrency, said in a March outlook report that if the Grayscale Bitcoin Trust (OTC: GBTC) closing at its steepest discount ever is an indicator, then it may 'signal [Bitcoin's] march to $100,000.'
The Greyscale premium, a metric watched closely, ended February with a 2.7% discount. McGlone pointed to March 2017, when BTC backed up to nearly $1,000 on the way to its peak near $20,000 in December of that year.
'Sharp reductions in the GBTC premium have often marked bottoms in Bitcoin,' wrote McGlone.
See also: How to Buy Bitcoin (BTC)
'The increasing probability of [exchange-traded] funds in the U.S., on the back of launches in Canada are adding pressure to the trust price, but we see sustaining the upward trajectory as the more likely outcome.'
Bitcoin traded 8.48% lower at $47,120.70 at press time. GBTC closed 10.31% lower at $41.40 on Thursday.
Why It Matters: The Grayscale premium is a reference to the difference between the value of the holdings of GBTC versus the market price of its holdings.
McGlone also noted the increased replacement of Gold in portfolios with BTC.
'In 2020, the benchmark crypto gained legitimacy with declining volatility vs. the opposite in most assets. In 2021, we see little to stop the process of old-guard gold allocators simply focusing on prudent diversification,' wrote the analyst.
On Thursday, Kraken CEO Jesse Powell said that BTC could replace all of the world's currencies and hit a million-dollar price target within the next ten years.
'The younger demographic is certainly taking notice of it and they see it as a better version of gold,' said Powell.
Bitcoin (CRYPTO: BTC) may be headed for the $100,000 mark by the end of this month, according to Mike McGlone, a Bloomberg analyst.
What Happened: McGlone, who previously ascribed a $50,000 plus level for the cryptocurrency, said in a March outlook report that if the Grayscale Bitcoin Trust (OTC: GBTC) closing at its steepest discount ever is an indicator, then it may 'signal [Bitcoin's] march to $100,000.'
The Greyscale premium, a metric watched closely, ended February with a 2.7% discount. McGlone pointed to March 2017, when BTC backed up to nearly $1,000 on the way to its peak near $20,000 in December of that year.
'Sharp reductions in the GBTC premium have often marked bottoms in Bitcoin,' wrote McGlone.
See also: How to Buy Bitcoin (BTC)
'The increasing probability of [exchange-traded] funds in the U.S., on the back of launches in Canada are adding pressure to the trust price, but we see sustaining the upward trajectory as the more likely outcome.'
Bitcoin traded 8.48% lower at $47,120.70 at press time. GBTC closed 10.31% lower at $41.40 on Thursday.
Why It Matters: The Grayscale premium is a reference to the difference between the value of the holdings of GBTC versus the market price of its holdings.
McGlone also noted the increased replacement of Gold in portfolios with BTC.
'In 2020, the benchmark crypto gained legitimacy with declining volatility vs. the opposite in most assets. In 2021, we see little to stop the process of old-guard gold allocators simply focusing on prudent diversification,' wrote the analyst.
On Thursday, Kraken CEO Jesse Powell said that BTC could replace all of the world's currencies and hit a million-dollar price target within the next ten years.
'The younger demographic is certainly taking notice of it and they see it as a better version of gold,' said Powell.
Got it...$ can be made from the fluctuations but Bitcoin and GBTC are here to stay. Thumbs up.
Good read, so with all that any concerns?
Fiat currencies downgraded to Pinto...
Excellent executive summary, really enjoy reading your posts.
Thank you stockfan as your opinion is always valued, Mazuur objectivity is crucial for seeing both sides. He’s rooting for success as well as pointing out some interesting facts.
Stockfan what’s your take on this? A lot of positive is this a negative?
Read what I sent you again and chill out. Did you understand how the World Wide Web work when it first came out. Did you understand how the whole world connected to it.
44.65 and Bitcoin at 50,100. What a spread. That wasn’t as much last month.
https://www.investors.com/research/gbtc-stock-is-grayscale-bitcoin-trust-a-buy-now/
I noticed that too, how does that work?
Phony money picking up speed. Bad for the country good for crypto
2 trillion more of phony money.... not genuine or real: such as. a(1) : intended to deceive or mislead. (2) : intended to defraud : counterfeit.
$gbtc$
2 trillion more of phony money.... not genuine or real: such as. a(1) : intended to deceive or mislead. (2) : intended to defraud : counterfeit.
Thats a deng good thing...lol
I am enjoying this one!
Jackpot this week $777$
$GBTC$ Close to edge!
As long as insiders are not selling will be fine.
Scatman getting ready to erupt again....gonna $Kickup$ to $3digs$ soon! One big digital bank for the world.
How government talks.
$gbtc$....
I new you would like it!
Scatman
Ski-bi dibby dib yo da dub dub
Yo da dub dub
Ski-bi dibby dib yo da dub dub…Go $gbtc$
Lol...Patient (gbtc) experiencing slight AFib due to government uncertainty. Next tranche of stimulus coming soon. Keep the funny money coming.
https://bitcointicker.co/
It’s the GBTC scat talk...
In vocal jazz, scat singing is vocal improvisation with wordless vocables, nonsense syllables or without words at all. In scat singing, the singer improvises melodies and rhythms using the voice as an instrument rather than a speaking medium.
Yeah talk about crypto?
A year away..,, Dates: Fri, Feb 4, 2022 – Sun, Feb 20, 2022
Beijing 2022, which will be the largest Winter Games yet with 109 medals on offer, is set to begin on February 4 next year. This will be China's first time hosting the Winter Olympics, after holding the Summer Games in Beijing in 2008. The city will be the first to host both Summer and Winter Games.
Don’t know when or how much but it’s participating in a $175 trillion market! You don’t see this often....
There is approximately US $37 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.2 quadrillion.Jan 1, 2021
Amazing possibilities here...
gbtc patient stable condition so far this weekend...visiting hour 9:00 am Monday morning
https://bitcointicker.co/
$45 seems like air brakes.
Oh........................why?
Yeah, but it’s been doing pretty good this year.