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BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Collateral Damage of the Bitcoin Trust
There's about a million people that own this trust across all the trust. collectively they're down about, well, because the price of Bitcoin is going to be roughly $12 billion in value. In terms of the scale of losses that have been realized, those losses are greater than FTX and Alameda. But actually the collateral damage is much worse because what also went down with great scale was Genesis, the lending desk of Barry. And it had, let's call it another million users that deposited this money there. It went bankrupt during this process as well and lost all of those users, their deposits. So at the end of the day, Genesis depositors money ended up in grays
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