Grayscale Bitcoin Trust (GBTC)

[boston127]

BTC is down 16% as of

8:30 PM, Saturday evening. Tomorrow could be a different day. I sold 50% of my shares on Friday due to the RSI of 70. This halving will eventually be a great opportunity. Argentina's currency is worthless and they are thinking about standardizing on the BTC.

https://cointelegraph.com/news/demand-for-bitcoin-surges-in-argentina-as-default-looms

The volume of Bitcoin (BTC) in Argentine pesos has risen exponentially since the 2018 cryptocurrency crash, as the country faces a possible default on $65 billion in foreign debt.

Arcane Research posted data to Twitter on April 23 showing that the weekly volume of Bitcoin purchased with Argentine pesos has jumped 1028% since January 2018. However, the volume from BTC and USD has also shown substantial increases of 407% and 139%, respectively.

BUENOS AIRES (Reuters) - Argentina’s peso is in increasingly treacherous waters, with twin economic and debt crises at home driving a huge gap between the official rate kept almost static by capital controls and the tumbling black market and other unofficial rates.

The currency ARS=RASL is at around 67 per dollar, with tight controls limiting how much Argentines can convert to foreign currency and a steep tax on any exchange. On the black market, however, dollars are trading at almost 120 pesos.

That marks the widest gap between the two rates since 2014, according to traders and Reuters data, putting major pressure on the official currency and raising the threat of a sharp potential depreciation, analysts said.