What currency grayscale is gbtc (how much btc is gbtc equal to)

What currency grayscale is gbtc? According to the official grayscale announcement, Grayscale Bitcoin Trust (GBTC) released a white paper today. According to the content of the white paper, “Grayscale Investments will convert 50% of its Bitcoin and Ethereum Trust Fund shares into digital assets based on blockchain technology – the so-called” Stablecoin “. Therefore, users can obtain these tokens and earn interest by providing liquidity to the address they choose Currently, Grayscale Bitcoin Trust has issued 500 million GBTCs

What is gbtc equal to?

According to statistics from btc.com, there are currently 100 million Bitcoins in circulation. Most of them will choose to use these funds to exploit token gmc in Ethereum network. At current market prices, how much Bitcoin would an investment in GMC be equivalent to obtaining? So how many or millions are they Simply put, we can understand it this way: if a Bitcoin costs $1000 and you want to buy a $100 GMC, it will cost $50000 to $100000; If you want to buy a pancake for 100 yuan (such as an ETH for 50 yuan), you need to pay $150000 to $200000 to sell the pancake; Assuming an investor buys 25 ETHs, 350000 to 300000 or more EOS, they can receive 2 ETHs. So you want to buy a small Granularity of about 10w yuan, but you can’t buy a btc of less than 1000 yuan as now Therefore, for ordinary users, holding 1 Cong is a good investment target because it means they can own more Bitcoin and also increase their demand for gold.