I do not understand. Many stocks are trading above the intrinsic value. Why the have to buy BCH? Also the tweets are not about BCH?
I do not understand. Many stocks are trading above the intrinsic value. Why the have to buy BCH? Also the tweets are not about BCH?
I think he is saying the flux of stock market money into the BCH fund is causing them to be very short. They will need to cover the BCH shortage either with actual crypto or enough options to cover the investors influx of cash.
This big of a move will likely cause the price to increase on the exchanges where the market is thin to start.
The tweet is showing the market is starting to see BCH as a way to digital spend crypto over btc due to fee and trx time supporting the theory that the influx into the fund is enthusiasm for BCH
OK I will read again (I am slow)
I think he is saying the flux of stock market money into the BCH fund is causing them to be very short. They will need to cover the BCH shortage either with actual crypto or enough options to cover the investors influx of cash.
This big of a move will likely cause the price to increase on the exchanges where the market is thin to start.
The tweet is showing the market is starting to see BCH as a way to digital spend crypto over btc due to fee and trx time supporting the theory that the influx into the fund is enthusiasm for BCH
Stocks do trade above intrinsic value all the time, but they are companies that invent and grow. This is a trust that only holds Bitcoin Cash. They don't have revenues or invent new technology. They just hold BCH. For it to trade at over 500% of NAV is incredible.
I forgot to mention that the trust will review and reblance at the end of every quarter. Well, the end of this quarter is on 3/31/2021, which is this Wednesday.