There's a very large chance that the g b t c will convert to ant, at which point there will just be daily redemptions happening. A lot of participants who trade these things, they don't really know what the premium is. They just trade it on price as well. If everyone thinks it will go to 50 % discount then, and thethey all run over each other to sell it, then, yes, tha, that's always nunser chance. But for every seller of it, there's a someon who's like, wait,. I can now sell b t c and buy g b t c and like, double my big coin. Why not? Unless i
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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