3min chapter

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Refining Bitcoin's Elevator Pitch - Daily Live 3/29/23 | E336

Bitcoin & Markets

CHAPTER

The Impact of GBTC's Discount on Infrastructure

The infrastructure of the entire space, businesses like block-fi that were based off of giving clients returns based on this risk-free trade. Once that goes away, now these businesses can't pay their depositors. Now they have problems and that leverage starts breaking down in the system. So there is this kind of cycle. I'm assuming there's going to be a cycle to GBTC's premium and discount. There's two other concerns, the follow-on concerns of GBTC and that is it's going to become a huge honeypot for governments. If you guys want to sign up for that you can use bitcoininmarkets.com forward slash pro 50 to get your first month 50

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