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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (71603)	11/21/2022 12:13:12 PM
From: Madharry	Read Replies (1) of 78715

I have made my second foray into a bitcoin related stock GBTC. a small bet for me. the allure of purchasing bitcoin at a discount of 40% was too great for me especially with what i believe is a good chance that the discount may disappear.. The company which is currently a closed end fund asked SEC for approval to convert to an ETF. The SEC denied that request despite approving etf-s which hold futures in bitcoin. that makes no sense to me nor does it to the company which has now sued the SEC. It looks to me that the only concern the SEC could have is price accuracy which I believe is unfounded. those are my 2 cents anyway. The only question in my mind is what the size of this bet should be. I am thinking 1/2 to 1% tops. their bitcoin is held in custodial accounts in coinbase. so i am confident that the bitcoin will not suddenly dissappear.

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