GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX Message Board

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Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX

GBTC 83.34

-3.8%

Oct 30 4:00 PM EDT

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To: FIFO_kid2 who wrote (200)	1/2/2021 5:56:38 PM
From: Elroy	Read Replies (1) of 270

I don't think other asset classes have much to do with the price of Bitcoin. It's all buyers versus sellers. Money flows, nothing to do with valuation. Bitcoin large position holders generally don't sell, period. So, the sky is the limit. There's loads of money in fiat that can still transfer into Bitcoin, and the only sellers are "profit takers". Since Bitcoin is now at an all time high, every profit taker in the past has been wrong to sell, they should have held. That is the bubble factor, the higher it goes, the higher it is likely to go........until it changes direction.

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