How One Million People Lost $10 Billion | David Bailey On What Is Going On With GBTC

David Bailey is the CEO of BTC Inc, and apparently, he is the man behind the largest Bitcoin conference - Bitcoin Miami. In the first part of this episode David and I discuss GBTC: what has happened and how to get money back. David has a large position invested in the fund and has started a community website to help investors get out. In the second part, we talk everything about Bitcoin, the conference, and the stupidity and greed of the crypto industry.

Twitter: https://twitter.com/DavidFBailey

Linkedin: https://www.linkedin.com/in/david-bailey-btc/

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#Bitcoin #Crypto #GBTC 

Timestamps:

0:00 Intro

1:18 GBTC - what’s going on

3:05 Genesis bankruptcy

4:00 Litigation

5:50 Grayscale involvement

9:25 David lost 100 Bitcoins to 3AC

10:55 Strategy for GBTC investors

14:30 Bitcoin Miami

19:00 Controversial speakers 

21:35 Bitcoiners and the future of Bitcoin

27:30 The war on crypto

30:20 Greed and stupidity

33:20 Promo codes

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.