Treasury companies are the new GBTC.
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Saylor is going to get wound down?
This so true. And yet the current context is different. The unavoidable unwind this time round will be be spread around much more. Sure 20% will die instantaneously, another 40% via a slow death into irrelevance. Back in the 2020-2022 era, GBTC was the only way to get synthetic exposure to BTC within Brokerage rails. Today their is an
over abundance of options. The market, as always, overcorrected and over supplied. It's time to prune.