GBTC

Grayscale Bitcoin Trust ETF

etf all instruments
+0.0
net board stance what this means
61.0
-1.2% · close 2026-09-08
+21% / +27% / -31%
1m / 3m / 12m
-87%
vs SPY since 2021-02-20
29%
of 52w range · -38.0% off high
hit rate as primary

Where we stand — 0 live ideas

No active idea holds this ticker. Anything below is history.

Where the winds are blowing

NET BOARD STANCE, LAST 45 EPISODES — rising = the besties are building this position, falling = abandoning it. Replayed from score_events; an idea counts from birth until its window closes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the talk lead the tape or follow it?

Who's pushing which way

each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means

Sacks
Sacks w=1.11 crypto
1 idea (0 live) · last heard E50
+3
pushes up
Chamath
Chamath w=1.00 crypto
1 idea (0 live) · last heard E65
+2
pushes up
Jason
Jason w=0.69 crypto
1 idea (0 live) · last heard E68
+2
pushes up
Friedberg
Friedberg w=1.08 crypto
1 idea (0 live) · last heard E58
+1
pushes up

Track record on GBTC

No closed window has used this ticker as its primary play, so there is no scored record here yet. Adjacent plays are listed but never scored.

ideacallplayverdictRαclosed
🪙 Bitcoin bid as the escape hatch from dollar debasement ▲ LONG adjacent MISS -31.5% -45.2 2022-02-20

The tape — what was actually said

every capture on any idea holding GBTC, newest first · quotes verbatim, timestamps deep-link into the episode

Jason Jason support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E68 · 2022-02-19 ▶ 14:10
this will do more than McDonald's accepting Bitcoin because this is the first time like a western democratic state is seizing people's funds like in an incredibly unfair, unnecessary way, which is just going to have more people say, you know what, maybe I should keep some of my net worth out of the government's purview if they're going to seize it anyway.
Chamath Chamath support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E65 · 2022-01-29 ▶ 4:58
I've structured it so that I don't hold any Bitcoin personally myself because I don't want to have the pressure and the risk of keys and coins and wallets and this and that. But I still really believe in Bitcoin in the long term.
Jason Jason oppose ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E62 · 2022-01-08 ▶ 43:36
So much for them being uncorrelated. ... Bitcoin is going to be uncorrelated, so the market is going to go up.
Friedberg Friedberg support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E58 · 2021-12-11 ▶ 35:12
And this is where Bitcoin feels to a lot of people like a great equalizer. And yeah, I'm not a huge, I'm not a Bitcoin maximalist or anything. But I think that's where the appeal arises
Chamath Chamath support ×3 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E50 · 2021-10-09 ▶ 29:50
And it's too institutionalized now. So, you know, there's just way too many organized pools of capital that are now speculating inside of this entire ecosystem. ... So when you have people in high finance, you know, really vested in this thing and you have $3 trillion of value that will go to $6 trillion and then go to $10 trillion, this can't go away.
Sacks Sacks support ×3 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E50 · 2021-10-09 ▶ 16:38
The thesis there was just that crypto would go more institutional, and I think we're starting to see that now, where endowments and so on are realizing they need to have some portion, maybe 1% or 2% of their portfolio in crypto.
Jason Jason support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E42 · 2021-07-30 ▶ 36:38
And it just does make the Bitcoin. In hindsight, it does look like they shut down Bitcoin a couple of months before making these actions. So your point, David, they probably anticipated that people would start shipping their money out using Bitcoin. And so they banned Bitcoin.
Sacks Sacks support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E42 · 2021-07-30 ▶ 34:02
if you were a Chinese billionaire looking at this landscape, your priority has got to be to get some wealth outside the country beyond the control of the CCP. You're gonna be buying Bitcoin, you're gonna be trying to get your money overseas.
Jason Jason oppose ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E26 · 2021-03-20 ▶ 17:50
I think you can really judge this based upon how much it's being pumped by the people who own it. And they are absolutely dogged, religious about this. It's like talking to a person who's met Jesus, and now everybody has to be a Christian. ... And so I think it's going to be there's going to be a dogfight here where governments are not going to easily give up their control of this. And there's many ways they can make a bunch of red tape to slow this down.
Sacks Sacks support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E26 · 2021-03-20 ▶ 21:07
But the thing that jumps out at me about all the critics of Bitcoin, and I'm not like a pumper or whatever, but I do own some, is the thing that all these critics don't seem to understand is the technology. ... As long as that remains true, then Bitcoin can serve as money if everyone believes in it.
Sacks Sacks support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E23 · 2021-02-20 ▶ 1:13:00
I think the reason why we're seeing Bitcoin go to the moon right now is people are starting to speculate on the idea that this might be the future world reserve currency because it's not subject to manipulation by central banks.
Jason Jason support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E23 · 2021-02-20 ▶ 1:09:24
Yeah, mine is clearly Bitcoin as well because I was reporting on it when it was 10 cents. ... And then my wife bought it at under 200
Chamath Chamath support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E23 · 2021-02-20 ▶ 1:08:42
There is one thing that above all others, which is sadly also in my portfolio. ... that's Bitcoin. At one point, we controlled low single digits, mid single digits of the entire float. And had I held on to that, that's talking about a mid-deca billion dollar position.