10 sats \ 3 replies \ @JuanMiguel 25 Feb \ parent \ on: US ETFs have 3.75% of BTC supply. charts
Grayscale already sold 200K~ BTC in just a month. Still 400K~ to go tho. That's atleast 2+ more months of selling pressure. Which means we will hover the $50K~ range for a while... That will give us more time to stack. Once Grayscale sells off everything, and OTC drys up, we might start seeing a big pumps.
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0 sats \ 2 replies \ @Bell_curve 25 Feb
Will gbtc go to zero?
I bet it stops around 200k
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0 sats \ 1 reply \ @JuanMiguel 25 Feb
No pointing holding gbtc, fees are huge
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10 sats \ 0 replies \ @TwoLargePizzas 25 Feb
It's not just about fees. There's also liquidity and taxes.
Besides, there's nothing stopping GBTC from lowering their fees to remain competitive. The reason they haven't is because they're taking the bet some people will stay.
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