Replies to post #129 on Grayscale Bitcoin Trust (GBTC)

[FooBarAndGrill]

This is beyond anything I have ever seen. I have guessed (don't know) that the reckoning comes whenever they do another s-1a to bring the price in line. I am waiting for that event.

The reason bitcoins are rising in value is they are making it more difficult to mine a coin.
See the following chart:
https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Mining on older computing hardware is quickly becoming less profitable simply due to electricity usage for computing and cooling.

[Dam_River_Man]

Me too. Been watching and last week started buying Bitcoin. I'm going to buy a few shares of this tomorrow for my Roth IRA. Bitcoin will be over $5000 by summer. I'm banking on it.