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What you read/watch/hear is OPINION, not financial/investment advice. Treat it no different than when you read/watch/hear your favorite author/YouTuber/podcaster. Despite our best efforts, we get things wrong and make mistakes. Investing is risky. There is no guarantee you will make money. Your investments may lose value. That’s RISK. Past performance is no guarantee of future results. Employees, contractors, and owners of ATG Digital, LLC own/trade/transact in the stocks, options, and crypto that are the subject of our trade alerts, updates, reports, and commentaries. We cannot give you personalized financial advice because we are NOT financial advisors. It’s on you to decide how much/when/what to buy/sell based on YOUR financial needs, plans, and risk preferences. There are no guarantees. Loss of your capital is an outcome that you should evaluate carefully with a financial advisor before you trade, speculate, or invest. It's your money and your responsibility.
#StrongHands 🙌 #BOP 🚀 Nation Update ️️️️️️️️️️️️️️️️️️️❤️️
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Dean: Don’t 🙅♂️ Fall for Fear
Paul often says to profit big in the markets, you must be willing to invest when fear rules the markets — and everyone is panic selling.
Buying when the market is in panic is like shopping for stocks on clearance. Seven months ago, Paul offered three plays on bitcoin (BTC) in this video:
One of his picks was Grayscale Bitcoin Trust (OTC: GBTC), which was trading at about a 40% discount to BTC. Since then, this discount has narrowed to as little as 13%:
If you got in when Paul mentioned GBTC in his video, you would be up about 27% on this position!
Back when Paul made this video, we didn’t have the prospect of a BTC ETF — instead, bank collapses ruled headlines, and investors were looking for a better place to put their money amid bank collapses and growing inflation.
That said, should Grayscale’s BTC ETF be approved, the remaining discount could vanish overnight.
History doesn’t always repeat itself — but in this case, it might . . .
1 Crypto Stock to Follow GBTC
Grayscale offers easy access to BTC via GBTC, but it also offers access to Ethereum (ETH) via Grayscale Ethereum Trust (OTC: ETHE).
And guess what . . .
ETHE also trades at a discount to the underlying asset, which is the crypto token, ETH. As recent as January, the discount was as steep as 60%:
No surprise here, this discount has since collapsed to 21%:
As the crypto market heats up, there’s a good chance that this discount will continue to close. But there’s another catalyst as well — when BTC ETFs become the norm, consider which crypto asset will be next in line for a spot ETF . . .
It will likely be ETH or, in Grayscale’s case, ETHE! Should Grayscale get its BTC ETF approved, it would only make sense for its ETH trust to be considered to become an ETF.
Should that happen, the 21% discount we’re seeing now could collapse to 0%.
Now, we don’t think this will happen overnight, but big money is made by getting in before headlines and news.
Never Miss Out — Get in Now ⏰
What we’re seeing now is a pump in BTC and crypto in anticipation of BTC ETFs being approved.
But what you should be considering is how much BTC will be purchased and held long-term by huge institutions with trillions under management, how this will affect the price of BTC long term as we approach the halving — and perhaps most importantly: What’s your game plan when the crypto market switches from pump to pure bull market?
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#GBC100: Wednesday, October 25, 2023
The #GBC100 is down 2.53% today.
With markets shifting in our direction, there isn’t anything new to write about. So, just to let you know, we won’t always be commenting on the performance of the #GBC100 daily.
However, we’ll be updating the performance, and we want to remind folks that our goal is to turn the #GBC100 into an ETF that offers a one-stock way to invest the ATG way — in innovation and growth.
New YouTube Content 📺
Yesterday, Paul released a new video on his YouTube channel . . . 🪙
If you haven’t had the chance, be sure to watch it by clicking on the image above!
Tomorrow: We’ll hear the latest from Wyatt. 🤩 Stay tuned!
Here at ATG Digital, one of the things we love most is interacting with our wonderful community! 🤗
And Facebook is a great place for us to keep in touch. 👇
In fact, we just heard from a community member:
Liz, this made our day! 🤣
If you haven’t already, be sure to check out Paul’s Facebook page by clicking here.
On it, you’ll find plenty of ATG Digital content — plus, additional posts from the man himself. 😎
On Wednesday, October 25, 2023, we hope to hear from you!
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When and if GBTC discount becomes 0 what happens to price of stock? Is it time to sell GBTC?
I like it very much Anthony, but supply is not being cut it’s being increased on a relative basis because the reward or # of bitcoin being received has now been cut in half. So the scarcity of it has decreased. Plus it hurts miners profit margins if the price doesn’t double. Think of it as a river that was draining into a huge bowl you’ve just cut the speed of the water in half, so more water now. Because of the halvings bitcoin will be available well after your and I’s lifetimes. 2140 to be precise