On December 26th, NIA sent out an alert, 'Why Crypto will Collapse' explaining why Grayscale Bitcoin Trust (GBTC)'s 15.13% discount below Net Present Value (NPV) was a sign that Crypto prices were about to collapse. Shockingly, as much as Bitcoin has declined in recent days, GBTC's discount has only grown since then to 20.56% below NPV. Bitcoin's problem has only gotten worse.
If you didn't read our December 26th alert, we explained how BlockFi and other "Defi High Yield" programs were relying on GBTC continuously trading at a large premium above NPV to be able to make high yield payouts to their clients. What will happen when BlockFi and Celsius can no longer make any more payouts and will be forced to admit they are insolvent? All the money leaving Crypto will end up entering gold.
Gold's launch off will begin on March 16th when the Fed hikes rates.
North Peak Resources (TSXV: NPR) will become the largest percentage gainer of the month of March. This is NOT a prediction... it's a spoiler.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 200,000 shares of NPR in the open market. This message is meant for informational and educational purposes only and does not provide investment advice.