The Grayscale Effect: Deciphering The bitcoin Lore That Stood The Test of Timeby@benlilly
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The Grayscale Effect: Deciphering The bitcoin Lore That Stood The Test of Time

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Hackernoon offers an update on how Grayscale's Bitcoin Trust (GBTC) will impact prices in the coming months. Bitcoin’s price rises soon after fresh GBTC are minted and become tradable. But this dilution of GBTC doesn’t impact price until the unlockings have run their course. The true equilibrium for where the Trust’�s premium/discount should sit is somewhere between -2.5% to -7.5%. This is why the premium vanished earlier this year and finally became a discount.

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