This is really important if you are concerned about the bitcoin price in the short run. Because of the ridiculous 1.5% management fee, there is going to be mass dumping of GBTC shares (which represent 600k+ bitcoin) and Grayscale as I understand it will then have to redeem large amounts of shares and sell the bitcoin representing those shares. My guess is most of the GBTC holders will buy bitcoin or another ETF with lower fees, but there may be a time lag and some GBTC holders may not invest back into bitcoin at all. View quoted note →

“Although bitcoin could go up to $20,000, it can go to $30,000. It’s on its way to zero — somewhere between zero and 200. It’s a utility token for criminals, terrorists, money launderers, tax evaders — they’ll always find some use for it. So it might not go all the way to zero. It’s clearly a bubble — it looks like the second biggest bubble in history after tulip mania.” Jim Rickards, December 2017

Has anyone heard anything from Nick Szabo? I always thought he was either Satoshi or in a group of folks who were Satoshi.

How ironic, 15 years to the day. Then my guess is the entire network (probably 50k BTC circulating) could have been bought for a few hundred dollars. Now with ETFs coming the network will likely be valued at over a $1 trillion this year.

Bitcoin unaware of ETF drama. View quoted note →

That Chinese bitcoin mining ban of 2021 really killed the network.

Hitler kills 6 million Jews. Trump kills zero Jews and puts Jews into numerous high level positions in his administration. Quite the ”echo”. Ridiculous. View quoted note →

Every #sat you buy and HODL, is one less sat available for the ETFs to get their hands on.