@Universaltweet4 You should. They are the biggest buyer on the market.
Tag: Buyer
@AdviserCounsel @TR401 @JarrottHeath @GrnBulls @Interaxis8 @cjking711 @CaitlinLong_ @coinmetrics The only unmatched trades are new coins (mining costs): Inflow Cap.
But if I buy 1 BTC for $1, sell it for $1k. I just took $999 out of the system, new buyer put $1k in. Network now stores $999 more, a net increase in capitalisation being stored. Thus “influx of stored capital”.
@AdviserCounsel @TR401 @JarrottHeath @GrnBulls @Interaxis8 @cjking711 @CaitlinLong_ @coinmetrics The only unmatched trades are new coins (mining costs): Inflow Cap.
But if I buy 1 BTC for $1, sell it for $1k. I just took $999 out of the system, new buyer put $1k in. Network now stores $999 more, a net increase in capitalisation being stored. Thus “influx of stored capital”. https://t.co/sAyz2arhv3
With Bitcoin’s biggest buyer sidelined, the price of Bitcoin will fall even faster, causing even more GBTC holders to want out, further widening the discount to NAV. If Grayscale wants to close that gap it will have to sell Bitcoin and buy back shares, pushing Bitcoin even lower.
With Bitcoin’s biggest buyer sidelined, the price of Bitcoin will fall even faster, causing even more GBTC holders to want out, further widening the discount to NAV. If Grayscale wants to close that gap it will have to sell Bitcoin and buy back shares, pushing Bitcoin even lower.
But reducing AUM also lowers the management fees. So GBTC may not sell Bitcoin to close the discount, but only sell what is needed to cover the steep 2% annual management fee. Those sales alone could result in Grayscale going from the biggest Bitcoin buyer to the biggest seller.
But reducing AUM also lowers the management fees. So GBTC may not sell Bitcoin to close the discount, but only sell what is needed to cover the steep 2% annual management fee. Those sales alone could result in Grayscale going from the biggest Bitcoin buyer to the biggest seller.
Record gold outflow ‘isn’t going into ripples’ — only Bitcoin, says fund manager
Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors.
What Happens to Bitcoin After Big Short-Term Correction? On-Chain Analyst Explains
The price of Bitcoin dropped below $16,400 on the day following a massive short-term correction. On-chain analyst Willy Woo attributed the pullback to an overheated bull run. Before the pullback happened, the Bitcoin derivatives market showed signs of extreme buyer demand. The market was dominated by buyers and long contract holders, leaving BTC vulnerable to […]
Also, once GBTC starts trading at a discount, it will no longer be buying any more #Bitcoin in the market. That’s because investors will just buy the discounted shares rather than depositing money into the trust. GBTC has been a big buyer during this recent rally.
Also, once GBTC starts trading at a discount, it will no longer be buying any more #Bitcoin in the market. That’s because investors will just buy the discounted shares rather than depositing money into the trust. GBTC has been a big buyer during this recent rally.