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After nine days of new investment closure, a buyback announcement, and some shady moves, still GBTC premium is still negative:
I guess primary market whales are quite pissed off by this, and for sure you don't want to piss off your better clients.
Also given the fact there is a huge lockdown expiry in the coming months:
First big outflow expected before the end of March, with massive outflow in April-July.
Dangerous times ahead.
I guess primary market whales are quite pissed off by this, and for sure you don't want to piss off your better clients.
Also given the fact there is a huge lockdown expiry in the coming months:
First big outflow expected before the end of March, with massive outflow in April-July.
Dangerous times ahead.
Newbie here. I had invested in GBTC early this year in tax advantaged accounts in anticipation/hope to benefit from the post halving year bull run.
The problem is that I got in around January at a ~35% premium.
I'm now trying to read all I can about news on this discounted premium.
I'm still hopeful that 2021 will still see a major bullrun by end of year but I need to keep my conviction with GBTC.
Should I be buying even more GBTC now to average down my cost while increasing my position? Or is it anticipated that the discount will become even deeper and I should wait longer to purchase more?
How much could this growing premium discount hurt any BTC post halving gains in 2021?
Apologies for asking about the future but would like to learn yours and others opinions, thanks!
