Grayscale Bitcoin Trust to be The Most Traded at OTCQX

OTC Markets Group (formerly known as Pink Sheets) is an OTC stock trading system, it reflects broker/dealer quotes for over-the-counter securities
08 May 2019   303

The head of the Digital Currency Group, Barry Silbert, reported that the shares of the Grayscale Bitcoin Trust (GBTC) were among the leaders in terms of trading volume at the OTC Markets Group.

OTC Markets Group (formerly known as Pink Sheets) is an OTC stock trading system. It reflects broker/dealer quotes for over-the-counter (OTC) securities.

Grayscale Investments, part of the holding of the Digital Currency Group, recently launched the #DropGold campaign with a call to get rid of gold in favor of Bitcoin.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   322

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.