Gbt se is now, i think, a top five holding of millennial portfolios. Historically, has traded at premiums anywhere from 5-10%. At some pointit has traded a slight discount before. The crowdedness of the supply sid and the kind of the panicky nature of it, they watis like it's is at a discount.
Crypto commands unusually high yields relative to the traditional financial system, allowing investors to earn 20% on fiat and stablecoins and even more on other assets. In this episode, Su and I unpack a very simple question: Where are these yields coming from?
Topics discussed:
- Unpacking the three major sources of yield in crypto
- How sustainable are they?
- What are the risks?
- How the GBTC premium or discount affects the market
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
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