Bitcoin vs GBTC: An etf will be approved by Jan 15th

2 Oca 2020

I think someone thinks like me here, RgMov is surging in this ratio, showing BTC outpace GBTC, Barry Silbert's shady fund, that trades at a massive premium since forever, due to it being the only way to get BTC exposure for most people with brokerage accounts since basically forever.
Once an ETF is viable, premium will vanish, making this a good bet, if you find a broker that lets you short it (and are able to buy real BTC or futures at Bakkt or CME for the same dollar amount as you short in GBTC shares). Risk 7% to make up to 30-40% on this trade.
15% allocation would be a good fit.

Cheers,

Ivan Labrie.

19 Oca 2020

Not

It's still good to hold this position, or simply avoid buying GBTC to buy real BTC instead...

' Next daily signal can reach between 9974.43 and 10827.93, which would be enough to confirm the long term uptrend I expect in #Bitcoin. For it to trigger we need to hold sideways here first, and then confirm an advance moving up sharply from this area '