I discuss the Grayscale Bitcoin Trust (GBTC), its pending conversion to an ETF, and the arbitrage opportunity that still remains, with Gary Brode at Deep Knowledge Investing (DKI).
The following video was created on Tuesday. It’s about a Bitcoin arbitrage opportunity that has had quite a run up.
Brode believes there is still much more to the trade.
Gary is going to be a regular guest on MishTalk TV. If you subscribe to my MishTalk blog you will also get free monthly newsletters from Gary as well as any special reports that we do together.
Gary says he is loaded up in the energy sector and our next podcast will be on energy opportunities.
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Thanks.
I regularly pair trade, arbitrage is one of my favorites strategies.
That said, I won’t do it in this space, there’s too little regulation and recent history has shown that individual NFT’s and their entities can become extremely volatile apart the sector.
Nice! I do not always have time to read every article that Mish posts. Or read all the comments. I just happened to skim the comments today and noticed the reference from TT and Mish. So I made some time to watch the video. I might not have watched it otherwise as I am not a crypto fan.
Thanks for the hat tips Mish and Gary. And TT.
Much appreciated. I look forward to the upcoming video on energy! And I am pleased to see a little more emphasis on investing.
I am currently travelling outside the US, but I still try to make time to check out the blog posts.
Hey PapaDave. Thanks for watching. Enjoy your trip and keep up the great work. I think you have the right approach.
I am not much of a Bitcoin fan so that part didn’t change my view. The second part on EVs was interesting but my interest in EVs does not come from the environmental aspect but from the efficiency side. I do not care if the electricity comes from nuclear, oil, gas or solar as long as it is produced. I have something against windmills though. They are ugly and destroy the landscape and I look forward to the day where they will be removed. I do own oil and gas and have for years as part of my regular portfolio. The returns are nice but once you have enough of them you have to look elsewhere.
Electric cars haul a$$… that’s reason enough for me to have one.
VIVEK 2024!
Antiestablishment
Pro America
What you fail to understand in your anti Trump tirades is that the political divide in this country is between the establishment and antiestablishment. That is why Trump, RFK Jr. and Vivek Ramaswamy do well. Sure, those who are large consumers of the fetid MSM believe that Trump threatens our “Precious Democracy.” 🤣 When in fact, it is our billionaire overlords who rule and are wrecking the middle class for even more greedy gains.
“When in fact, it is our billionaire overlords who rule and are wrecking the middle class for even more greedy gains.”
While this is true, I’m not desperate enough to buy a con from yet another “billionaire overlord” that he’s any different, his only tax policy was to cut taxes for everyone, but make those cuts permanent for the wealthy while temporary for everyone else.
Unfortunately, the only politicians talking about evening the scales are left, extreme left, like Sanders, Warren or AOC.
The GOP plays dumb for their corporate owners, many even now still pushing the “trickle down” meme that’s obviously failed.
.
Unfortunately there are slim choices. Who else is there? RFK Jr.? OK I’ll take him over a neocon like Nikki Haley or a idiot puppet like Joe Biden.
By the way, what’s wrong with tax cuts. I prefer a flat tax with no right offs. It’s simple and the rich will end up paying more taxes. Besides, Vivek is closest you’ll get to you r dyslexic name sake.
Toot toot!
“They have no choice but to approve …” is totally false. That wasn’t the ruling, nor does the court have the authority to impose that outcome.
Thankfully that falsehood came within the first couple minutes so it saved me listening further. Ongoing collapse in crypto will lead overall markets lower.
Energy is the place to be however, esp. uranium.
Did Gary say something about missing a train? Lol. Choo! Choo! I’ve been on the train Gary for a long time, welcome onboard, come join me in the first class cabin.
https://mishtalk.com/economics/airlines-to-accept-bitcoin-in-payment-hooray/
“Did Gary say something about missing a train? Lol. Choo! Choo! I’ve been on the train Gary for a long time, welcome onboard, come join me in the first class cabin.”
While you great multiple alias fraudster Realist (jeffgreenscam, imgreenscam, mpos, papafraud, etc.) Mush and Gary are hamming it up in first class, perhaps you can answer a question for the rest of us steerage passengers.
Remember when oil was >$100 in roughly Feb-July 2022 when you were stating incessantly oil was never going below $100 again, Buy oil, Got Oil?
What oil & gas stock bought in that time frame has capital gains to the present?
Thanks MPO. I agree – it’s not too late!
Did PapaDave play the video?
Two references to him
no clue. i’m sure he will.
No doubt Utahs marijuana has to be be laced with something. Your brain is mushed. Going forward, please change your handle appropriately to Mushed from Mish.
Anyone who bought Realist (papafraud, mpos, imgreenscam, jeffgreenscam, etc.) recommendations (remember from roughly Feb 22-July 22,) oils not going below 100, oils not going below 100, oils not going below 100, Buy oil, Buy oil Buy oil Buy oil etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. etc. has not made any money in capital gains. Fast forward to today and he claims hes making millions on capital gains, Mush, please explain that?
He has fantastic forcasting skills Mush, what a hoot mush, go have another hoot.
Buy high, sell lo. Just like he lost his shirt in his renewable stocks, Plug Energy, Ballard Power etc.
Meanwhile the great multiple fraud alias was calling me an idiot 4ish years ago for holding gold. In the interim, gold has gone up roughly $1000/ounce Cdn. Needless to say had I listened to the great multiple alias fraud, my account would be significantly down. Wonder how the idiot is doing looking for housing in Detroit and Chicago.
The great multiple fraud alias still hating on gold and pumping his great renewable story scam. While gold is near all time highs in all other currencies, I expect gold to begin its ascent in US dollars. The dollar milkshake crowd not gonna look to good with the shake spilled on their shirts.
The only thing the fraudster is correct on is his recommendations for Canadian oil stocks. The US shale stocks may increase on oil prices but their volumes are set to fall significantly in the near future.
When the great fraudster was touting relentlessly to buy oil at the highs, I was on the other end stating to take profits and wait, patient investors can still get in on oil and I was correct on that. Unfortunately I can no longer access my history or Realists history.
great video and information from you both. thanks. i loved the papa dave hat tips you both gave. i concur.
Thanks, TT. I agree with his approach on investing!
CNY being defended hard this weekend. The drop in required foreign reserves from 6% to 4$ appears to be working for now, as it’s in a slightly elevated band, but there’s still plenty of herky jerk in the currency’s movements which make it a poor collateral choice and a swap time bomb.
One of those beleaguered dollar funders, Zhongrong International Trust Co, is now being forced to open its books to China’s two largest financial firms in an investigation that might be leading to a state bailout. This is probably out of worries of contagion inside China. Zhongrong manages a large portfolio valued at $137B in USD and is connected to the real estate market.
Vanke (second RE developer to Country Garden in size) reported gross margins fell 18.9% as home prices continue to fall. July new home sales fell most in a year.
In other news, VISA and Mastercard are planning on increasing fees to retailers beginning in October, expected to cost retail $500M a year.