Potential Paths Forward For The Grayscale Bitcoin Trust

The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazines premium markets newsletter. The biggest question of all is what will occur to the Grayscale Bitcoin Trust (GBTC) and how these issues will potentially affect the bitcoin cost. There is upside to DCG liquidating the trust as theres cash to be made from their shares closing to NAV, however that likely results in selling bitcoin on the open market.

The below is an excerpt from a current edition of Bitcoin Magazine PRO, Bitcoin Magazines premium markets newsletter. Left unresolved and only growing bigger, DCG and Genesis problems weigh greatly on the bitcoin market as there are numerous responses required and numerous possible results that have yet to play out. The greatest concern of all is what will occur to the Grayscale Bitcoin Trust (GBTC) and how these problems will possibly impact the bitcoin price. Rather than liquidate the whole trust in the worst case situation, there will be lots of ready purchasers to take on management of the car without a U.S. spot bitcoin ETF offered in the market. There is upside to DCG liquidating the trust as theres cash to be made from their shares closing to NAV, but that most likely outcomes in offering bitcoin on the open market.