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Sunday, April 11, 2021 2:36:15 PM
It is also about the price "weight". Right now, the price of the 3 other coins are very low compared to ETH or bitcoin.
Now, imagine if the price of chainlink or bitcoin cash or link go up 10-20 fold. Then, the price weight is going to significantly affect the price of one share of GDLC.
For example, if price of ETH goes up 6 fold, price-wise, it is going to have the same price impact that bitcoin has right now.
If the price of any of the last 3 coins that are each about 1% in GDLC go up 15 fold they are going to have the same price up movement that ETH has now in one share of GDLC.
And, of course, the price of bitcoin and ETH will keep going up too at the same time but, percentage-wise, less than the 3 small coins., I believe.
It is like having 5 horses in the race. Two are top regular winners but the other 3 have also a great chance of the win with higher prices
.
That is why GDLC is so popular. AIMO
Fund Components per Share‡
Bitcoin
0.00046606 BTC
Ethereum
0.00287558 ETH
Bitcoin Cash
0.00046856 BCH
Litecoin
0.00166262 LTC
Chainlink
0.00973565 LINK
Recent GDLC News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/06/2024 12:38:42 PM
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