GBTC Bleeding Out!

Episode 110,   Mar 24, 04:45 PM

In the latest gripping episode of The Bit Bite Podcast, the team delves into the tumultuous world of cryptocurrency, focusing on the recent unsettling trends in Bitcoin’s journey. As the Grayscale Bitcoin Trust (GBTC) experiences a stark sell-off, the hosts dissect the implications of reduced purchases by other ETFs, leading to a significant impact on Bitcoin’s price.

The conversation heats up with an analysis of the current stock-to-flow model, highlighting the critical countdown to the much-anticipated Bitcoin halving event, only 25 days away. The hosts explore how this milestone could dramatically alter the annual supply growth of Bitcoin, potentially positioning it below that of gold for the first time.

Amidst these market movements, the episode also features a thought-provoking discussion on whether Bitcoin’s price has reached its zenith or if the digital gold still has surprises up its sleeve.