4min chapter

Coin Stories with Natalie Brunell cover image

Sam Callahan: What You Need to Know About GBTC and the Crypto Contagion

Coin Stories with Natalie Brunell

CHAPTER

Genesis DCG GBTC

A lot of the crypto contagion that we've seen in these lending companies and hedge funds, you could almost trace it back to two things. One is the ultra accommodative monetary policy, the Federal Reserve, which allowed rampant speculation. And now it's the opposite. Now we have tightening monetary policy and that has led to the blowups of all these Ponzi schemes and highly leveraged organizations. The second thing is that GBTC, the grayscale Bitcoin Trust, the failure of the SEC to convert it into a spot Bitcoin ETF.

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