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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "FTX Contagion Spreads to Grayscale Bitcoin Trust" video.
Hey, WSM. What would you think that the recent unusual volatility in markets is driven by the explosive groth of private equity firms in recent decades? There's literally tens of thousands of unregulated firms and they all seem desperate to find talent, bring the average age of CEOs down.
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Tulips had real value. Gardening was a popular hobby back then.
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You also don't need to be an ETF issuer to arbitrage NAV. High frequency traders do it all the time. However, arbitraging this would require shorting Bitcoins, which is near impossible.
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I was in it for a time, closed at a good profit. I'm back to shorting directly, but SARK's fee is well worth removing the infinite risk in shorting.
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Company liquidation value is another matter
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BITO is near par value, though.
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