When grayscale sells their first btc all hell will break loose.

[Anonymous No.25624813]

[Anonymous No.25624846]

>>25624813
I dont think they have a mechanism to sell btc. They can only buy if I’m not mistaken.

[Anonymous No.25624860]

>>25624813
Huh? They're not going to. They can barely keep up with new subscriptions.

[Anonymous No.25624976]

Last exist scam pump before the big short.

[Anonymous No.25624997]

>>25624813
You cant cash out

[Anonymous No.25625042]

>>25624846
That sounds retarded. I thought institutions were smarter than the hodl meme

[Anonymous No.25625073]

>>25624813
you cant sell retard

[Anonymous No.25625101]

>>25624813
dude just buy a bitcoin

[Anonymous No.25625115]

>>25624813
They buy and sell all the time you tard. Its a fucking fund and they have to keep a balance between BTC and capital

[Anonymous No.25625198]

>>25624976
I keep telling people this, it's not difficult to understand and you can do it yourself.

Check the market cap of Tether (and all stablecoins!) for the past year, and match that up with Bitcoin. Bitcoin CRABBED and DROPPED even when Tether continued to rise in vallue. This happened the entire summer.

What else happened during the summer? I'm guessing you weren't here. DeFi. DeFi exploded and is still exploding. This explains its run up which has remained perfectly constant even during Bitcoins bull run, because it's fueled by DeFi.

Also, the volume chart in your picture. That's VOLUME. As in flows. Most exchange volume is done via USDT. This just means that most of the trading is done between USDT and other coins. Arbitrage and trading. This accounts for most of any exchanges volume. It's not that Tether is being printed into thin air, it's that exchange volume is mostly USDT. Look at an order book yourself. It's constant trades and arbitrage happening. The minority of it is people buying Bitcoin and moving to cold storage.

FFS. Shouldn't have to spell this out for you and don't know why I did. You shoulda done more homework.

[Anonymous No.25625342]

>>25625042
grayscale buys BTC and issues shares to institutions, they don't need to sell

[Anonymous No.25625730]

>>25625115
That’s not how greyscale works. I’m pretty sure they dont have a mechanism to sell BTC.

[Anonymous No.25625850]

>>25625198
it's all bait. as an alpha you are conditioned to emit pity for the injured and retarded.
always stamp it out and stomp down.

[Anonymous No.25625967]

>>25625730
So if they get investors money and buy BTC with it and the investors pull out where do they get the money? They would have to sell the BTC

[Anonymous No.25625968]

>>25625198
What happens if people find out tether isn't 1:1 on the trades and don't accept it anymore

[Anonymous No.25626030]

>>25625967
>cashing out

[Anonymous No.25626102]

>>25625967
The shares trade on the market. The shares can drop to 0 but that doesnt mean they will sell their btc.

[Anonymous No.25626181]

>>25624813
Grayscale doesn’t sell Bitcoin. People give them money or Bitcoin which they issue shares against. Those shares are not redeemable for Bitcoin. If somebody sells their shares on the market that means somebody else has bought them.

The 620K BTC in Grayscale are there forever unless they add in a redemption facility which they have said multiple times they WONT. The only way BTC comes out of Grayscale is for the 2% management fee they charge. This is monumentally bullish.

[Anonymous No.25626192]

>>25624846
That literally doesn't make sense.

Even 401k sells eventually at retirement. Assets are there to be bought and sold. Yes -- even stores of value.

[Anonymous No.25626227]

>>25626181
It does have a redemption mechanism just takes 6 months

[Anonymous No.25626264]

>>25626227
No it doesn’t. You don’t know what a redemption facility is. It takes six months for the shares to vest.

>t. Accredit Grayscale arbitrageur

[Anonymous No.25626273]

>>25625198
Did you even read? They provided a price floor during bear market and accentuated pumpa during bear market. They can't literally paint the charts all by themselves, it'd be too obvious

[Anonymous No.25626379]

>>25625850
$1.4T lawsuit got you worried?

[Anonymous No.25626386]

>>25624976
tether fud is real but it doesn't even matter now that institutions got in

[Anonymous No.25626416]

>>25626181
What's the point of charging a 2% management fee if all they do is just buy

[Anonymous No.25626467]

>>25626386
It matters when 70% of liquidity is a tether pair. If tether dies it'll be a rug pull on an institutional scale.

I'm kinda looking forward to seeing billionaires being rugpulled desu

[Anonymous No.25626513]

>>25626416
The more Bitcoin they suck into the trust, the more they make on that 2%. Selling Bitcoin is against their best interest. They get 2% of 620K Bitcoin per year right now. That is why they will not offer a redemption facility, they don’t wnat Bitcoin leaving the trust

[Anonymous No.25626524]

>>25624813
When reddit realizes institutions will never buy their shitcoins in the first place, all hell will break loose.

[Anonymous No.25626540]

>>25625730
>>25625967
I think Grayscale is literally a Crypto Reserve Bank and they offer shares to retail and insties, their shares arent pegged to their crypto reserves 1:1.
So yeah, they could sell BTC but I think they have this 80%BTC and the rest ETH and other shitcoins thing going, so they will probably only balance that out.

[Anonymous No.25626544]

>>25626467
Tether pairs are wash trades. The real tether volume is much smaller.

[Anonymous No.25626585]

>>25626386
this
>>25626467
HAHAHAHAHA i would be glad to see my account go to 0 if that actually happened. You don't just rugpull (((them))). (((They))) have an infinite wall of money. No, literally, they can just print more.

[Anonymous No.25626604]

>>25625115
They have zero 0 cash holdings
From the sec 10q

[Anonymous No.25626605]

>>25626416
Theyre offering a crypto mutual fund and they demand to be paid, its as easy as that. Boomers and institutions are too retarded at this point to own their own wallets, at least some are.

[Anonymous No.25626693]

ask yourself why Nasdaq and Bitcoin are topping the same week of the US election and the discover of a new (fake) virus

[Anonymous No.25626722]

>>25626585
They only have 1% or less of their folios in btc. They won't care enough to prop it up if it dies. They won't throw good money after bad

[Anonymous No.25626786]

>>25626693
Because this is clown world. I don't like it, I don't agree with it, but it's the world we live in so I don't fight it.

Number only goes up, invest accordingly

[Anonymous No.25626797]

>>25626786
take a loan and buy Bitcoin now then
it can only go up

[Anonymous No.25626854]

>>25626722
unlike you, they're winners

[Anonymous No.25626960]

>>25626797
Hah, would if I could. I'm too cynical to embrace the hyperbull persona. I'd make a lot more money if I were more degenerate.

[Anonymous No.25627102]

>>25626960
bluh bluh bluh