Famous economist Peter Schiff, nicknamed the “Golden Bug”, suggested that the investment company Grayscale’s GBTC fund could create selling pressure on Bitcoin (BTC).
Peter Schiff December 22 on his official social media account. in his postGBTC fund available discounted sales by the rate to bitcoin rival said it could be.
Economist, GBTC’s current 47% from Bitcoin with discount rate much more attractive He said he had a price. Investors with long-term goals BTC switch to GBTC by selling selling pressure on Bitcoin will increase The economist claiming that GBTC can attract investors from Bitcoin and that is why Bitcoin most important rival suggested it might.
Some of the analysts who have an opinion on the subject, Schiff’s right may be Further lasted. Other analysts say that despite GBTC’s selling pressure on Bitcoin other crypto- rally in coins investors performance aspect back remaining bitcoin as it will lead this is your opinion invalid argued that.
On the other hand, Grayscale recently sent a briefing letter to its customers, according to the US Securities and Exchange Commission (SEC) spot Bitcoin ETF to your request negative If it responds, GBTC will be able to offer its investors a portion of their assets. return to do announced his plans.