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 86.66

-2.7%

Oct 29 4:00 PM EDT

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To: Madharry who wrote (267)	2/29/2024 11:15:21 AM
From: FIFO_kid2	Read Replies (1) of 270

I think that is a excellent strategy value averaging. As for what you should do. In this recent bull/bear cycle comparing the alpha in the miners vs the trusts has been in favor of the trusts so at this juncture I think buying bitcoin at a discount to NAV is the better move as the costs to mine it are much greater than the management fees you incur at GBTC or OBTC. With that said I really don't think the entire sector will benefit equally. I think we are at the point where the miners are just shorter term trading sardines. In order to continue mining they will have to either consolidate or massively dilute their share base at a much greater rate than bitcoin itself which is minimal in order to continue to mine it.

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