$GBTC ...aaaannnndddd it's GONE! A short chronicle of my biggest move in 2023. Back in 12/22 (right after the FTX/SBF blow-up) $GBTC (and Bitcoin) were getting smoked. All the crypto bros had GBTC as collateral on their insolvent businesses...and DCG was highly suspect as corrupt (probably not wrong). The discount to NAV was absurd. Blood in the streets! The 2% management fee was even higher due to the discount and it was trading OTC. If the discount closed back to a normal closed-end fund (13%ish), it would be good. If #Bitcoin rallied, it would be good. Both happened during 2023. The ETF approval probably drove both. Fine! Grayscale sued the SEC and set in motion the ETF approval (which would eliminate the discount entirely) because they would 'up list' to a normal ETF. In the first two weeks of trading the discount went to basically nothing (.1%-ish). All while Bitcoin had a great 2023 (150%+). Everything worked out perfectly. This never happens for me! LOL GBTC earned a nice management fee for their 'work' in 2023. I fired them yesterday for cheaper alternatives (and better diversification). Now back to HODL'ing. When the tide goes out you find out who was swimming naked. I look forward to more shenanigans from the crypto bros in the future. They'll never learn. Greed is a powerful drug. Funny that I was able to use wisdom of Uncle Warren to get more cheap Bitcoin (rat poison squared). https://image.nostr.build/2cdadce906f2dd464bff90b726c4d191b130d0d9e3469c61a6a17714fba7f6bb.png https://image.nostr.build/34936f43ea3f67673c3f54fbcbe5262145420d033062093a61b2f9501633c28f.png