Grayscale Bitcoin Trust (GBTC) and Recent Bitcoin Price Dip
Joel Bomgar on Bitcoin: The FB Live Audio · Bomgar
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Show Notes
FB Live 3/22/2024: https://www.facebook.com/JoelBomgar/videos/3699992546950510
• Grayscale Bitcoin Trust (GBTC) is still liquidating assets from companies that went under, like BlockFi, Voyager, FTX, and others, which drives the price down.
• Price cycles best explained in the book The Bullish Case for Bitcoin by Vijay Boyapati
• I started buying Bitcoin in 2017 at $9,000 but missed buying at multiple price dips because of human psychology - the excitement isn’t there in the dips.
• I’m hoping that many of my listeners are smarter than I was and smarter than early adopters, and that you frontload more of your purchases early!
Disclaimer:
The content provided in this video is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.