Grayscale CEO Steps Down
In an interview last month with @dotkrueger, we discussed that GBTC is in crisis mode and needs to do something soon or die.
Today, Grayscale announced, "Michael Sonnenshein ... has stepped down from the position to pursue other interests."
The graphs show why!
Losing 50%+ of your fund in 90 trading days is not something you see often.
Sonnenshein miscalculated the market's willingness to tolerate high mgt fees; their (est.) monthly mgt. fee has plummeted even though Bitcoin has massively appreciated.
They were the ones to fight the battle with the SEC and pay all the legal fees, only to become losers.
The new CEO is Peter Mintzberg, effective August 15, 2024
Interestingly, Sonnenshein will not even stay in the company for the transition period. They had to hire someone else for the interim. This is not how you depart when you are on friendly terms.
https://www.youtube.com/watch?v=0uoOh5ogOa8
In an interview last month with @dotkrueger, we discussed that GBTC is in crisis mode and needs to do something soon or die.
Today, Grayscale announced, "Michael Sonnenshein ... has stepped down from the position to pursue other interests."
The graphs show why!
Losing 50%+ of your fund in 90 trading days is not something you see often.
Sonnenshein miscalculated the market's willingness to tolerate high mgt fees; their (est.) monthly mgt. fee has plummeted even though Bitcoin has massively appreciated.
They were the ones to fight the battle with the SEC and pay all the legal fees, only to become losers.
The new CEO is Peter Mintzberg, effective August 15, 2024
Interestingly, Sonnenshein will not even stay in the company for the transition period. They had to hire someone else for the interim. This is not how you depart when you are on friendly terms.
https://www.youtube.com/watch?v=0uoOh5ogOa8
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Our team of experienced Bitcoin educators is ready to help you with any questions.
Take advantage of our free introductory session to discuss your concerns and learn more about our services.
Schedule here: https://21st.capital/free-consultation/
A first look into the institutional holders of the Bitcoin ETFs: https://21st.capital/who-are-the-top-institutional-bitcoin-etf-holders/
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Who are the Top Institutional Bitcoin ETF Holders? - 21st Capital
This is a summary of a research report in collaboration between 21st Capital and Bitcoin News. You can access the upcoming full report and other issues by clicking the button below: In this report, we examine the latest 13F filings from various institutional…
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Blackrock's $IBIT catches up to Grayscale's $GBTC in AUM
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Blackrock's $IBIT becomes the fastest ETF to reach $20B
At Bitcoin News Research, we analyze Bitcoin ETFs, institutional investors, the futures market, on-chain data, and more. Find our reports at: https://bitcoinnewsresearch.beehiiv.com
At Bitcoin News Research, we analyze Bitcoin ETFs, institutional investors, the futures market, on-chain data, and more. Find our reports at: https://bitcoinnewsresearch.beehiiv.com
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Introducing Volatility-Adjusted Power Law Index
An actionable metric for judging over/undervaluation of Bitcoin.
The metric is derived from the Power Law model and is adjusted for volatility to correct for changes in Bitcoin's market structure over time.
1/ High Accuracy
It correctly identifies the bottoms and tops of all prior cycles.
2/ Stable Range Over Time
A problem with many of the existing indicators and oscillators is that their meaning and ranges change over time. Take MVRV (one of the current bests) for example. It went as high as 7 in cycle 1 but went only up to 3.95 in the cycle 4. This makes judgement for the next cycle very challenging.
However, VPLI's oscillation range remains stable over all four past cycles because it is adjusted by market structure in each period.
3/ Regions of Overvaluation and Undervaluation
- Deep Value (<-10): 10% of time
- Value (-10, -5): 25%
- Cool (-5, 0): 25%
- Warm (0, 5): 20%
- Hot (5, 10): 15%
- Extreme Bubble (>10): 5%
* The percentages indicate the % of time the index spends in each region
The article detailing this metric and its methodology will be published in the next edition of the Bitcoin News Research newsletter. Subscribe using this link!
If you liked our content, please share your thoughts. Same article on twitter.
Bitcoin News Research is a collaboration between @BitcoinNewsCom and @21st_capital
An actionable metric for judging over/undervaluation of Bitcoin.
The metric is derived from the Power Law model and is adjusted for volatility to correct for changes in Bitcoin's market structure over time.
1/ High Accuracy
It correctly identifies the bottoms and tops of all prior cycles.
2/ Stable Range Over Time
A problem with many of the existing indicators and oscillators is that their meaning and ranges change over time. Take MVRV (one of the current bests) for example. It went as high as 7 in cycle 1 but went only up to 3.95 in the cycle 4. This makes judgement for the next cycle very challenging.
However, VPLI's oscillation range remains stable over all four past cycles because it is adjusted by market structure in each period.
3/ Regions of Overvaluation and Undervaluation
- Deep Value (<-10): 10% of time
- Value (-10, -5): 25%
- Cool (-5, 0): 25%
- Warm (0, 5): 20%
- Hot (5, 10): 15%
- Extreme Bubble (>10): 5%
* The percentages indicate the % of time the index spends in each region
The article detailing this metric and its methodology will be published in the next edition of the Bitcoin News Research newsletter. Subscribe using this link!
If you liked our content, please share your thoughts. Same article on twitter.
Bitcoin News Research is a collaboration between @BitcoinNewsCom and @21st_capital
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@Sina_21st @Nebraskangooner, @SimonDixonTwitt, and @JSeyff talk Bitcoin investment strategy.
https://x.com/wolf_webthree/status/1800603950904967354?s=46
@Sina_21st @Nebraskangooner, @SimonDixonTwitt, and @JSeyff talk Bitcoin investment strategy.
https://x.com/wolf_webthree/status/1800603950904967354?s=46
📣Is Bitcoin Undervalued Right Now?📣
📚 In this 15-minute YouTube video, we discuss our newly developed Bitcoin valuation model that indicates where Bitcoin stands at any point in time relative to the "fair price".
PS: This is our new YouTube channel with new branding. We will post video summaries of our research there. Please give it a follow if you are interested in this content.
https://www.youtube.com/watch?v=z3vfteUjnHs
📚 In this 15-minute YouTube video, we discuss our newly developed Bitcoin valuation model that indicates where Bitcoin stands at any point in time relative to the "fair price".
PS: This is our new YouTube channel with new branding. We will post video summaries of our research there. Please give it a follow if you are interested in this content.
https://www.youtube.com/watch?v=z3vfteUjnHs
YouTube
Bitcoin Price Prediction - Volatility Adjusted Power Law Index
Volatility-adjusted power law index (VPLI) is a powerful tool to very accurately predict the Bitcoin price.
By determining Bitcoin's bubbles and lows, VPLI helps you optimize your Bitcoin DCA or investment strategy.
In this short video, Sina explains the…
By determining Bitcoin's bubbles and lows, VPLI helps you optimize your Bitcoin DCA or investment strategy.
In this short video, Sina explains the…
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Trump: "On day one, I will fire Gary Gensler."
The crowd goes ecstatic.
The crowd goes ecstatic.
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