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Hahah, I'm already mentally preparing for it, we're already making to-do lists, I mentioned selling the Tesla as it's an easy way to raise cash to buy bitcoins at low prices. We can have a rental until we get a cheap car As crazy as it sounds, Bitcoin going below $1K each, it is not as...

GBTC fund closing down and liquidating its btc holdings is a non-zero % probability If that was to happen as a massive sell order, it could obliterate every order book out there and bring btc price to less than $1,000 Great opportunity I'll be a buyer and I have $0 debt, willing to tap on...

That argument was debunked, I'll paraphrase what was said based on my understanding First off, funds and bitcoins are not interchangeable Funds relate to fiat source, that we'll just assume came from investors to GBTC shares, through banks and other centralized intermediaries and as a...

SI lost over 50% in a month and again today it hit a new 52 week low intraday... Sad

Grayscale owns GBTC fund is traded on the stock market GBTC owns 630K btc's supposedly but as a Bitcoiner, all I care about are bitcoin addresses that hold those bitcoins but they are not disclosed I'm not an expert on stock market structure of GBTC so maybe you can educate me on that

There are no btc holders at Grayscale

Grayscale issued a statement re: the rumors... No Bitcoin addresses to verify their 630K btc holdings, though

If you click it, it will bring you to Twitter and the thread as you scroll down even if you do not have a Twitter account

A good thread on the risks of Silvergate being embroiled in a criminal FTX/Alameda operation

More info on why Silvergate stock has been crashing... https://thedeepdive.ca/ftx-sinkhole-is-silvergate-capital-next/ FTX Sinkhole: Is Silvergate Capital Next? November 17, 2022 4:01 PM ER Velasco The FTX implosion seems to be a real-life television series with new guest each day on...

Genesis is a crypto lender. They lent out BTC's through the arb-complex-Rube-Goldberg-system to borrowers like 3AC, FTX/Alameda Imho, those physical BTC's (yea, that's a term, vs paper BTC's = iou btc's) have already been sold off during the liquidation events involving 3AC, Luna, Celsius...

Attn crypto fam This Genesis > DCG > GBTC > 630,000 BTC liquidation is still active on CT -------- Below may be related, Arthur Hayes responded on the tread... may not mean anything Article on 3AC leverage extraction on GBTC, but that was in the past full article for people interested

https://www.coindesk.com/markets/2022/06/27/crypto-hedge-funds-traders-short-tether-after-usts-implosion-report/ 1. You borrow USDT in size, say 1 million USDT from one of the crypto assets lenders, i.e. Genesis, BlockFi, Voyager, Nexo, Ledn. Those entities are going bankrupt. You'll need to...

I didn't think it was funny, but nice try, I guess

Yup, I agree

CT talking about DCG, GBTC and 630,000 btc's. This could be bigger than a Tether collapse which is bullish as most people would swap USDT to btc Silvergate stock has lost 50% in a month... Lots of smokes, is there fire somewhere?? ------------ Prolly nothing... "ringfenced" or firewall

Could be something big... Rumors circulating https://www.reuters.com/technology/crypto-lender-genesis-had-sought-emergency-loan-1-billion-wsj-2022-11-17/ Crypto lender Genesis had sought emergency loan of $1 billion - WSJ Reuters Nov 17 (Reuters) - Cryptocurrency lender Genesis was seeking...

That's not me