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

GBTC 83.39

-3.8%

Oct 30 4:00 PM EDT

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To: SGJ who wrote (221)	11/22/2022 8:26:50 PM
From: Elroy	Read Replies (2) of 270

However, there is going to be a turn at some point soon and with this fund sporting a 45% discount to underlying, and no relationship whatsoever to what's going on at FTX, its going to rocket. Who knows, this week may have even been the bottom. I think the blow ups of the past six months in lots of crypto "projects" show that crypto isn't designed for centralized control, so most of these organizations (GBTC, Binance, all of them which "hold your crypto for you") are bad ideas. Unwinding them all could take years. Perhaps years and years of blow ups are necessary before the centralization caused by these organizations is wiped out. I don't see anything that says Bitcoin can't go to $100 in the next three years. And that sort of price decline can just feed more destruction of enterprises that have costs that are trying to build something expensive and useful and currently paying anyone or for anything with their Bitcoin holdings. The idea that it should stop going down and instead go up is based on ...... what?

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