Grayscale Bitcoin Trust (GBTC)

[Nestegg McMuffin]

I see negative premium as temporary buying opp just as extreme positive premium can be potential signal to take some profit.

If anything buying at 40% premium is more risky than 10% negative. Which is why I loaded a ton when this went to $38, just as I sold a few in upper $50s.

The volatility is a feature not a bug with Bitcoin for foreseeable future. Granted, it took me a few missteps to get the rhythm. I added a few times over the past few months only to get stopped out on the big drops and then watch the price go right back higher by end of the day. “WTF?!” Lol.

So now I wait for the monthly bedwetters convention and pounce.

If you believe in the long term future of Bitcoin, as I do, the fluctuations are there to test the weak from the strong.
That said, Greyscale will still need to figure out redemptions and lower fee to keep customers happy.