Grayscale is one of the few Wall Street companies that is enabling people to get involved with Bitcoin and Ethereum through retirement accounts.
Over the past couple months, the fund is one of the largest buyers of BTC (and I presume ETH).
In this video I discuss GBTC and how it could be a fine addition to those non-cash portfolios where options are restricted.
▶️ 3Speak
It seems that Grayscale has bought 53,588 BTC in total since the May 11 halving, equating to an average of 1,190 BTC per day. This is quite an important move and it shows that big players are storing Bitcoin for the future. I wonder what will happen when they will all realize the the Bitcoin supply is too little to fulfil the hunger and the need of the entire world players.
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It is showing how institutions are really starting to join in the Bitcoin game. They are already here. So it is only a matter of time before larger ones start the process too.
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Yes its helpful information
Many users of leofinance trust at you. Because your information are pure & athanticates about Grayscale
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Just my experience. No motivation other than that.
GBTC has been pretty good to me.
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Only good person says that. Other one is good to me.. You are that
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What is significant is that Wall Street-listed companies, and beyond, are buying Bitcoin.
It is a strong signal that in the coming months it will be able to convince other companies to do the same, triggering a decisive purchase that would take Bitcoin really high.
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Actually Grayscale is buying more than Bitcoin although that does make up 80% of their purchases.
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