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LBRY Claims • is-gbtc-a-safe-investment

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13 Jun 2021 14:53:42 UTC
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Is GBTC a Safe Investment?
In this video, I discuss whether GBTC is a safe investment, and how it compares to owning Bitcoin directly.

I do not like GBTC, for the following reasons:

1) 2% annual management fee
2) Impossible to know where the premium/discount of GBTC to BTC will be when you need to sell
3) Owning GBTC means that you need to rely on Grayscale and Coinbase Custody to keep your Bitcoin secure. If they get hacked, you are out of luck. SIPC or FDIC insurance will not cover you, and it appears that Coinbase Custody does not carry sufficient insurance to cover everyone if there is a big hack.

Becoming a Bitcoiner means learning to assert your own monetary sovereignty. This means to stop relying on the Fed, the government, or the traditional financial system to keep you or your wealth safe.

Not investment advice! Consult a financial adviser.

Grayscale Bitcoin Trust:
https://grayscale.co/bitcoin-trust/

Grayscale Bitcoin Trust SEC registration:
https://www.sec.gov/Archives/edgar/data/1588489/000119312517013693/d157414ds1.htm#tx157414_5

Coinbase Custody FAQ:
https://custody.coinbase.com/faq

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

How to get Bitcoin into your IRA:
https://www.youtube.com/watch?v=M4MC-kKOWPQ

I like to buy Bitcoin using Coinbase and Trezor:
https://www.coinbase.com/
https://trezor.io/#comparison

How to buy Bitcoin (tutorial):
https://www.youtube.com/watch?v=uNJip1wjz8c

Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join

Use this secret coupon code to get a discount: YT99

#Bitcoin
#BitcoinAnalysis


Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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https://www.youtube.com/watch?v=Rg3VkZqdVps
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