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59% Discount on Ethereum? No Thanks.
The markets are playing an elaborate game of chicken with Grayscale Trust investors. But, unfortunately, the story keeps getting worse for investors.
Human history has a dark legacy from its creative and elaborate torture devices. With chilling and haunting names like the Scavenger's daughter, the pillory, knee splitter, head crusher, and the Spanish boot, physical devices have long been an instrument for tormenting individuals.
In our modern world, we suffer from mental micro-tortures. These micro-tortures quietly degrade our quality of life. Some personal examples of mental micro-tortures are Postmates commercials, automobile traffic, micromanagement, cubicles, and 91% of Netflix's original content. We have to accept and learn to live with these micro-tortures.
However, sometimes, we put ourselves in a position for punishment. I did this last year when I purchased Grayscale's Bitcoin Trust, GBTC. I bought shares in my IRA because I don't have an easy low-fee way to diversify into Bitcoin in my retirement account.
Unfortunately, the GBTC has underperformed Bitcoin, and the narrative for holding the shares keeps worsening. I may be suffering from the sunk cost trap regarding my GBTC investment. If you need…
