Could Grayscale trigger the next Bitcoin price collapse
Concerns around Grayscale’s Bitcoin Investment Trust (GBTC) began to mount last week after the company refused to provide on-chain proof of its reserves. Now, investors are worried about whether Grayscale’s parent company, Digital Currency Group (DCG), could be forced to liquidate a portion of its GBTC to cover a massive hold in Genesis Global Trading’s balance sheet. What’s the relationship between DCG, GBTC and Genesis? In this week’s Market Report, Marcel Pechman and I discuss this relatio...
Could Grayscale trigger the next Bitcoin price collapse
Concerns around Grayscale’s Bitcoin Investment Trust (GBTC) began to mount last week after the company refused to provide on-chain proof of its reserves. Now, investors are worried about whether Grayscale’s parent company, Digital Currency Group (DCG), could be forced to liquidate a portion of its GBTC to cover a massive hold in Genesis Global Trading’s balance sheet. What’s the relationship between DCG, GBTC and Genesis? In this week’s Market Report, Marcel Pechman and I discuss this relatio...
