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 83.39

-3.8%

4:00 PM EDT

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To: Madharry who wrote (265)	2/28/2024 12:43:28 PM
From: FIFO_kid2	Read Replies (1) of 270

Madharry- GBTC was the among the best calls for early 2023 on the value board when you said it was trading at 50% below its NAV. Thank you and very much proves something that is perceived as speculative or a company that possesses decent news flow without any reward can still exhibit relative value which is a different approach than just looking at its accounting numbers. FWIW I recently swapped a portion of it into thinly traded OBTC since it is still trading at a pretty significant NAV discount relative to GBTC. I think the recent big run up here is related to the halving of the hash rate in approximately 1 month so the price has to be higher or the miners will struggle to exist. However, that looks like a potential culminating catalyst for some profit taking your gains. Another strategy is to short the miners with the worst hash rates and go long BTC or equivalent. Since for many BTC is perceived by many as digital gold and usually 5% is the answer for gold as a hedge I would say that the combination of gold and BTC should be that figure.

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