How and why did it get so undervalued? Why is gbtc trading at a huge 32 percent discount to btc? Why does everybody think institutional adaption means institutions going long? That notion is the most insane. The whales are worried about how much the public has lost interest because without the public for them to sell to it's game over and they know it. Retail is continuing to lose interest (Just look at the bitcoin stocks). because it's been a long time and getting longer since bitcoin made anybody millionaires.
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