"Will the REAL btc price, please stand up?" By John Pitts …
"Will the REAL btc price, please stand up?"
By John Pitts
Which btc price do we really believe?
#btc's price mainly trades at the heavy hands of Binance & Tether, not traditional audited financial entities who are unable to spoof/wash/rig/"aid" btc prices without severe consequences in their highly regulated industry.
So do we believe the traditional audited financial entity price $GBTC ?
$8k
Or do we believe the Binance/Tether using plenty of unaudited "stablecoins"?
$16k
Is GBTC truly at a 50%-ish "discount"?
or
Is btc/Tether+Binance trading at > 100% PREMIUM?
I know my answer, here's some data before you state yours…
(personal timing indicator: Even if I had any interest in "cryptoShit", I wouldn't go anywhere near it until the btc "discount" / premium is closed one way or another)