GBTC—Market Cap $5.8 billion today.
GBTC —Market Cap $36 billion one year ago.
Now that is a $30 billion haircut.
Even the drug cartel money launderers are hurting.
From Forbes here is another crypto in trouble-—
Now, fears are swirling that $10 billion bitcoin and crypto giant Digital Currency Group (DCG) could be in trouble after its crypto lender Genesis was forced to pause withdrawals and reports emerged it’s seeking an emergency $1 billion loan.
It may go lower, but 10K was my benchmark to nibble.
At 5K, I'd buy.
Would be funny if Crypto wiped out the assets of all criminals and all organized crime all over the world.