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BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
What Are Your Thoughts on GBTC?
I just don't know that they're going to be able to get to go out and get it. It's a terrible, not terrible product, but 2%, 2% leech on your Bitcoin holdings every year. There is some upside at 50%, you know, discount to net. But I think convertibility is a long, long way away after all the fraud that has happened in the Seeker system. The worst case scenario for GVDC is an extremely small chance of liquidation as it is quite the 600,000 coin group. And I would certainly be happy to be gobbled up by OGC or something like that.
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