Grayscale Bitcoin Trust (GBTC)

[ApollyonZ]

GBTC! Institutional Demand Pumped

..The large scale buying of bitcoin did not necessarily specify whether the buyers would hold the cryptocurrency. Krüger envisioned a pump-and-dump scenario where a group of coordinated buyers, as mentioned above, would want to exit their bitcoin positions at a higher rate. With no uncertainty, the analyst added that those buyers could also be “strong hands,” those who would hold their bitcoins for a tremendous timeframe.

“It is valuable to attempt to ascertain if these new buyers represent long term positions or hot/fast money (which goes in and out, or rawly speaking, will dump on newcomers),” said Krüger

https://www.newsbtc.com/2019/05/13/analyst-institutional-demand-pumped-bitcoin-price-this-week/

Sustainable?