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To: Presbyterian Reporter

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.


9 posted on 11/21/2022 8:15:40 AM PST by Presbyterian Reporter
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To: Presbyterian Reporter

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.

https://www.forbes.com/sites/billybambrough/2022/11/20/in-huge-trouble-10-billion-earthquake-could-be-about-to-cause-bitcoin-and-ethereum-price-chaos/?sh=5a4ae2462dd2


12 posted on 11/21/2022 8:19:58 AM PST by Presbyterian Reporter
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To: Presbyterian Reporter
That said, buying GBTC at a 43% discount buys bitcoin effectively at under $10k/btc...

It may go lower, but 10K was my benchmark to nibble.

At 5K, I'd buy.

13 posted on 11/21/2022 8:20:39 AM PST by aMorePerfectUnion (Fraud vitiates everything. )
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To: Presbyterian Reporter

Would be funny if Crypto wiped out the assets of all criminals and all organized crime all over the world.


33 posted on 11/21/2022 9:48:27 AM PST by DannyTN
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