Huang Han: gray increase is equivalent to lock warehouse increase, which is good

Today, Huang Han, a partner of bow capital, is a guest coin world studio. When talking about gray scale increase, he thinks that grayscale is a bitcoin trust fund. The biggest difference between it and bitcoin ETF is that it can only apply for shares and can’t redeem shares. As a result, those who give bitcoin to grayscale can’t get back bitcoin for the time being. These bitcoins will always be locked in the custody wallet of coinbase Medium. Increasing gray position means that the number of bitcoin locked in is increasing, which is helpful to the deflation of secondary market, so this is a good signal. But also does not rule out, one day the United States SEC will approve gray can be redeemed. In addition, gray blindly overweight does not mean that the market will rise, if the market pressure is too large, greater than the gray carrying capacity, the periodic adjustment will also come.