The big risk is that the premium doesn’t sustain and you end up with less bitcoin.
The premium comes from their ability to create bitcoin exposure with downside protection for institutions that can’t own bitcoin or the ETF, and also their ability to grow their massive bitcoin holdings by continuing to run a speculative attack on the dollar.
Worth pointing out since a lot of people think the premium is based on mania and hot air.
Worth pointing out since a lot of people think the premium is based on mania and hot air.
2🤙1
