Bitcoin Slips Below $17K Amid Rate Hike Concerns

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Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: BloombergHedge fund Fir Tree is suing Grayscale to obtain details about its flagship Grayscale Bitcoin Trust (GBTC), according to Bloomberg. By NelWang Grayscale NelWang Uh ohhhhhh. Grayscale NelWang 'Grayscale, as sponsor of each Trust and the manager of the Fund, has total authority over the Trusts and the Fund and shareholders' rights are extremely limited.' Grayscale Q3 2020 report. p.18. Fir Tree was warned. Grayscale NelWang Grayscale would require SEC approval for initiating a redemption program and has no plans for doing so. It would also require sole approval of the sponsor Grayscale Investments LLC. See GBTC 10-Q, p. 1.
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Price Update: Bitcoin Falls Below $17,000 Threshold$BTC is not gaining a foothold above the $17,000 price level and is tumbling back to $16,000 😢
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Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year – Markets and Prices Bitcoin NewsStandardChartered Bank sees the price of bitcoin dropping to $5,000 as one of the next year's financial-market surprises. $BTC NICE Billions have left the table so far. BTC is holding 16-17k. We will not be seeing 5k. The purpose of this is to get hdlrs to sell their BTC. Buy BTC hold and do Not give it away to the Central Banks. NICE
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