In this clip, we discuss a potential grayscale blowup and its effect on the crypto market.
This could potentially be extremely bearish for the cryptocurrency industry. At the time of this video, GBTC was at a discount, presenting a gambling opportunity for investors.
We also talk about why anyone would buy GBTC instead of actual BTC. There are a few logical reasons - namely access and being able to hodl in a 401k - but there are some major counterparty risks that you're taking on by holding what is essentially a version of Wrapped Bitcoin.
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About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
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Join Web3: https://leofinance.io/ Microblog on Hive: https://leofinance.io/threads LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP Hivestats: https://hivestats.io LeoDex: https://leodex.io LeoFi: https://leofi.io BSC HBD (bHBD): https://wleo.io/hbd-bsc/ BSC HIVE (bHIVE): https://wleo.io/hive-bsc/ Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
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Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
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Return from Genesis is About to Blow Up? Bitcoin is Headed for $5k! to khaleelkazi's Web3 Blog
