Grayscale Bitcoin Trust (GBTC)

[Ann1]

I don't think it's a scam at all. Consider all investment alternatives. Right now, the stock market is the place to be -- even though rates have risen like 8x since the 2016 election. Personally, I think the Fed was a tad too aggressive. We should have been a good .5 to 1.0 lower. I know what all the charts say re: recession - they've been calling for one since 2016!! - but IMO, this is a very unique environment and you can't read the charts like before. The 'experts' simply do not know what to make of a true, organic recovery built on top of a government pump of a pseudo-recovery. That's why their predictions have been so so off. We are technically in what should be in the downturn of the economic cycle, but we are behaving as if we are towards the front growing of the cycle. The USA is the only decently-sized country that's been in expansion mode these last few years. And we have a few more tricks up our sleeve. All that said, BTC is a terrific hedge against any downturn, a great store of value and the way of the future across the globe. The more folks who get into it, the less the whales can jack it. As of right now though, I like the volatility.

Today looks to be another good day, so far for GBTC.

GLTA