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RE: Do not buy GBTC

in #stocks7 years ago

Thank you very much for this great post, it was informative and really interesting.

I was not aware that such big price differences were even possible in the free market. I always assumed that margin trading bots would close those inefficiencies within fractions of a second.

Is there any information out there why this find is so extremely overvalued? Is it because "old-school" traders don't understand crypto? I hardly believe that, it is not that difficult xD.

Maybe it has to do with the way the fund is only traded in market close, but I still can't wrap my mind around how this would change anything. If someone can help me understand this, feel free to comment.