Grayscale Bitcoin Trust (GBTC)

[Strategyone]

I have been following the crazy Gamestop event also. I say if a whale shorted GME and needed to cover.... then "a fool and his money are soon parted" is due. If they happen to own GBTC also, then they deserve to lose their shirt. I will not feel sorry for them and GBTC will recover. The institutional buying will ALWAYS bring the GBTC price back to NAV (or within a reasonable premium/discount).


Gamestop is worth somewhere close to $5 a share. Plain and simple. Eventually it will get back to this. If Gamestop takes advantage of the current situation, they should sell a ton of shares into this hype to raise capital. Then you could say the price will only go back to $10 a share since they can wipe out debt or have cash reserves to add to their total balance sheet.

Any way you look at it, the brick and mortar business can only generate about the revenue it was currently doing and with the same margins.