RE: The premium in GBTC is quickly approaching its NAV
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Yeah, totally. It seems like people would just want to hold onto their own BTC so they can easily flip it if the premium is gone. Without that incentive why would you want it to be locked up for six months! I think all of us know how quickly things can change in the crypto market.
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Yep exactly. I suspect the inflow of bitcoin into Grayscale over the coming days/weeks is likely to drop dramatically...
The question is what that will mean for the price action. Will BTC finally correct more substantially than it already has?
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We will see. I bought some today on the dip.