►
From YouTube: BITCOIN HOLDER DO NOT PANIC! See why! (@AltcoinDaily )
Description
In this video, Grayscale CEO urges Bitcoin Hodlers to NOT PANIC! See why! (@AltcoinDaily )
Original video: https://youtube.com/watch?v=eLxJ8mESau4
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A
Altcoin
daily
is
a
great
Channel,
where
all
kinds
of
news
about,
what's
going
on
in
the
whole
crypto
scene,
talks
about
many
different
topics
on
The
Daily
and
they
are
basically
hoping
that
Bitcoin
hollers,
don't
panic
in
the
current
conditions,
because
everybody's
freaking
out,
because
of
all
the
crazy
stuff,
that's
happened
in
the
last
couple
of
months,
not
to
mention
the
whole
year.
Really
you
got
the
institutionals,
you
got
the
Regulators,
you
got
governments,
you
got
everybody
just
like
slamming
hard
on
the
whole
industry
right
and.
A
C
A
D
D
Tuned
for
this
full
clip
check
the
timestamps,
but
let's
go
over
exactly
what
we
know
according
to
their
CEO,
if
grayscales
Bitcoin,
ETF
dreams
fail,
The
Firm
may
try
a
tender
offer
and
just
as
a
reminder,
grayscale
is
a
trust
that
buys
Bitcoin
and
then
Wall
Street
investors
can
then
buy
shares
in
that
trust.
More
traditional
investors
may
like
this
because
then
they
don't
have
to
worry
about
custody.
They
can
just
buy
a
ticker.
So
again,
grayscale
buys
Bitcoin
and
investors
can
buy
shares
in
the
trust.
Okay,.
A
C
C
A
This
is
why
it's
such
a
big
deal
about
things
like
ETFs
and
and
these
trusts,
and
things
like
that
coming
into
Play
Because
means
that
more
money
can
flow
into
getting
Bitcoin.
This
was
a
solution.
Basically,
when
people
couldn't
even
get
Bitcoin.
This
is
like
way
long
ago,
like
years
ago
that
they
started
this
I
know
personal
experience
here
in
Canada
we
there
was
a.
We
recognized
that
there
was
like
in
2018.
There
was
in
2017.
A
Essentially
there
was
a
huge
appetite
for
investors
in
the
stock
market
that
wanted
to
be
able
to
get
more
exposure
to
what
was
happening.
Blockchain
in
general,
not
just
Bitcoin,
and
so
I
was
actually
one
of
I
was
actually
the
founder
of
the
first
publicly
traded
company
in
Canada.
That
was
developing
that
decentralized
applications,
so
that
investors
could
be
able
to
get
exposure
to
decentralized
Applications,
because.
A
D
Buying
through
grayscale,
meaning,
essentially
buy
one
Bitcoin
get
the
next
Bitcoin
free
and
This
concerns
people.
Now,
on
top
of
that,
as
we
discussed
in
yesterday's
video
grayscale
Investments,
which
manages
gbdc
and
Genesis
a
company
with
a
1.5
billion
dollar
hole
thanks
to
FDX,
we
don't
know
if
they're
going
to
declare
bankruptcy
yet
are
both
owned
by
digital
currency
group.
This
raises
questions
because
of
this
affiliation
is
grayscale
about
to
go
belly
up.
D
The
CEO
addresses
that
point
blank,
but
the
new
information
is
that
if
grayscale's
Bitcoin,
ETF
dreams
fail,
The
Firm
may
try
a
tender
offer.
A
tender
offer
would
make
a
direct
appeal
to
shareholders
to
sell
or
Tender
their
shares
at
a
specific
price.
During
a
certain
time,
these
options
could
include
a
tender
offer.
A
B
D
B
So
this
is
a
pretty
big
deal
that
you
guys
are
doing
this
so
just
to
give
viewers
a
little
bit
of
History
you
applied
to
the
Securities
and
Exchange
Commission
to
convert
your
trust
into
an
ETF.
That
request
was
rejected
earlier
this
year
you
filed
suit,
so
you're
still
pushing
to
get
that
done.
Yes,
so
this
is
sort
of
a
contingency
plan,
but
talk
to
me
about
what's
behind
the
decision
and
how
it
would
work
well.
E
So
we
have
been
focused
on
creating
a
Bitcoin
ETF,
going
all
the
way
back
to
2013..
That's
how
we
initially
structured,
grayscale,
Bitcoin
trust.
It's
always
been
our
mission
and
the
full
resources
of
the
firm
are
still
behind
that
initiative.
We
filed
for
a
Bitcoin
ETF
in
2017..
The
SEC
wasn't
ready
for
it.
Gbtc
has
continued
to
grow
and
expand.
It's
now.
The
world's
Lar
largest
Bitcoin
investment
vehicle.
This
past
summer,
the
SEC
denied
our
ETF
application.
To
your
point.
E
We
filed
the
lawsuit
right
away
and
that's
that's
a
reflection
of
us
as
a
business,
we're
prepared
for
all
outcomes
and
so
moving
forward.
Even
though
yes,
now
we
are
the
middle
of
litigation
and
we
believe
strongly
in
our
arguments,
their
Common
Sense
legal
arguments
that
we
think
will
be
appealing
to
the
courts.
Ultimately,
if
we
exhaust
all
of
our
options
in
the
judicial
system,
we
want
our
investors
to
know
that
we're
prepared
for
that
outcome
as
well
and
would
explore
a
tender
offer
at
that
time
and.
B
E
A
Stop
right
there
so
essentially,
this
is
all
about
a
backup
plan
right
and
a
little
bit
of
background.
Just
so
you
understand
they
have
been
fighting
with
the
SEC
on
numerous
occasions
for
this
application
and
the
SEC
keeps
denying
them
with
no
grounds
and
so
now
they're
taking
them
to
court
to
say
like
hey.
This
is
just
you
know.
We
are
not
being
treated
barely
here.
We
should
be
able
to
have
a
CTF
education
by
the
way.
There's
already
an
ETF
in
Canada
and
ETF
has
already
been
approved
in
Canada.
A
I
mean
the
Ontario's
Exchange
Commission,
because
there's
there's
no
Canada
Exchange
Commission,
where
each
Ontario
each
each
province
has
its
own
jurisdiction,
but
in
Ontario
there's
already
an
ETF.
So
you
can.
You
know
it's
already
happened
in
Canada,
but
in
the
SEC
of
course,
we've
seen
the
history
of
what's
happening.
B
A
And
unfortunately,
these
guys
are
getting
blocked
at
every
turn
when
it
comes
to
crypto
and
that's
kind
of
the
standing
order.
These
days
so
yeah
with
the
lawsuit
it'll
be
very
interesting
to
see
if
they
could
actually
push
that
forward
or
not
it's
really
hard
to
tell,
and
do
we
really
want
that
to
happen.
I
mean
like:
do
we
really
want
this
kind
of
financial,
this
kind
of
financial
vehicle
sitting
on
top
of
Bitcoin?
This
kind
of
thing
has
happened
to
every
kind
of
commodity
in
history.
A
You've
seen
this
sort
of
thing
happen
with
gold,
it
happens
with
other
types
of
assets
and
it
has
a
dramatic
impact
in
terms
of
how
the
markets
work
after
that,
because
some
people
would
suggest
that
the
markets
no
longer
are
free
in
terms
of
being
open
as
an
open
market.
Instead,
there's
a
a
sense
of
manipulation,
some
would
say
so
yeah,
it's
it's
an
ongoing
fight
and
they
just
touched
on
it
a
bit
in
that
interview
there,
but
it's
been
going
on
for
a
while.
A
Let's
yeah:
let's
see,
let's
see
if
where
this
all
goes,
and
the
20
the
20
offering
that's
interesting,
it's
basically
just
a
backup
to
let
people
know
that
they're
gonna
be
able
to
have
a
way
to
be
able
to
liquidate
if
they
really
want
to
liquidate
right
and
I,
guess
imagine
that
would
be
something
all
right,
like
I
said,
structured
demolition.
Basically,
let's
see,
let's
see
where
this
goes.
B
Mean
there's
also
concern
because
of
the
fall
from
FTX,
which
then
has
spread
to
an
entity
also
owned
by
your
parent
company
dgc
I'm
talking
about
Genesis,
which
has
a
hole
that
it
is
now
trying
to
fill.
There's
also
concern
about
potential
spillover
for
gray
Scout,
which
again
is
again
under
the
same
umbrella
entity.
Although
separate,
what
do
you
say
to
investors
who
concerned
about
that.
D
D
D
Right
now,
which
is
a
current
market
value
of
1.002
billion,
plus
an
additional
consideration
of
20
million
in
incremental
value?
Okay.
Now?
What
does
this
mean
for
you?
If
you
had
money
in
Voyager
well,
in
a
direct
statement
from
them,
they
say
the
binance
US
bid
aims
to
return
crypto
to
customers
in
kind
in
accordance
with
court,
approved
disbursements
and
platform
capabilities.
So
they
will
continue
to
go
through
the
bankruptcy
court
system,
but
they
won't
return
as
much
funds
as
possible
to
platform
users.
Next
up,
big
news,
if
you
hold
out
Rand
so.
A
Just
to
give
you
a
brief
synopsis
of
that
sounds
like
good
news,
but
the
truth
is
that
CZ
picked
up
the
scraps
and
basically
it's
taken
on
the
user
base.
I,
don't
know
where
that's
going
to
go.
I
think
considering
that
this
is
a
user-based
people
who
are
high
net
worth
individuals,
I
think
he's
probably
going
to
be
anchoring
to
make
an
offering
that's
going
to
work
out,
but
it
remains
to
be
seen.
C
A
Think
that
after
everything's
done
with
the
bankruptcies
and
everything
else,
there's
not
gonna
be
much
left
for
the
users.
Unfortunately,
that's
that's
true,
I.
Think
CZ.
Maybe,
though,
given
that
you
know
he's
been
in
the
crypto
space
for
a
while
he's,
probably
gonna
give
an
airdrop
of
something
and
then
it's
gonna
sound,
exciting
and
maybe
there's
some
speculation.
You
know
that
kind
of
thing
will
happen.
I
could
see
that
that's
probably
some
kind
of
promo.
That's
underlying
this
whole
thing.
A
B
A
D
The
bank
of
Italy
Taps,
algor
and
blockchain
platform
for
their
digital
Securities
project,
oh
cool,
so
in
other
words,
the
bank
of
Italy,
has
selected
algorand
to
serve
as
its
public
blockchain
platform.
The
platform
due
to
launch
next
year
will
be
the
first
time
an
EU
member
state
has
used
blockchain
technology
for
bank
and
insurance
guarantees.
Huge
signal
that
this
technology
is
here
to
stay.
This
project
is
part
of
Italy's
post-covered,
National,
Recovery
and
resilience
plan
and
RRP,
and
the
EU
allocated
roughly
200
billion
dollars
to
Italy
to
be
used
for
co-grants
and
co-loans.
D
A
D
Selected
Al
Grant
because
of
its
unparalleled
level
of
innovation
and
security
among
permissionless
DLT,
distributed
Ledger
Technologies,
as
well
as
because
of
its
leadership
and
its
sustainability.
Our
goal
is
to
help
Italy
not
only
recover
from
the
economic
impact
of
kova
19,
but
also
Excel
through
Innovation
and
Leadership.
Big
news
in
the
crypto
gaming
World
board
ape
Creator
ugalabs
nab's
new
CEO
from
gaming
giant
Activision
Blizzard
So
Daniel
Allegra
is
the
new
CEO
of
ulabs.
D
E
B
E
E
Has
solidified
at
least
one
use
case,
and
that
says
digital
gold,
that
is
a
narrative
around
Bitcoin
that
has
been
there.
That
will
continue
to
be
there.
Ultimately,
whether
Bitcoin
is
able
to
achieve
other
use
cases
that
are
commonly
known
and
commonly
accepted
as
a
payment,
rail
or
other
use
cases
still
yet
to
be
determined.
E
Time
will
tell,
but
certainly
The
Narrative,
around
digital
gold,
non-sovereign
Assets
in
an
environment
where
a
lot
of
people
around
the
world
are
being
directly
harmed
by
the
actions
of
their
governments
and
the
ways
that
they
control
their
currencies
Bitcoin
as
a
store
of
value.
A
digital
gold
for
the
digital
age
is
certainly
a
narrative.
That's
here
to
stay
honestly.
A
Can't
go
you
can't
hear
all
that
and
say
well
time
will
tell
what
is
that
yeah
some
kind
of
media
plant
there
that
was
interviewing
Michael,
congratulations,
Michael
on
such
a
stellar
response
by
the
way,
Kudos
totally
agree
with
everything
he
said.
He
nailed
that
one
out
of
the
park
and
his
interviewer
clearly
couldn't
stand
it
and
had
to
you
know
brush
it
off
with
time
with
Time
come
on
Time
Has
Told,
and
if
you
don't
understand
that
yet
then
you
are
blind,
I
don't
know,
but
okay
I'm
done
so
yeah.
A
That
was
pretty
awesome.
I
agreed
with
some
of
it.
It's
got,
there's
some
interesting
things
that
are
happening
in
Industry,
read
between
the
lines
to
understand.
What's
really
going
on,
though,
because
that's
of
course
going
to
help
you
in
making
decisions
in
this
space
yeah.
So
at
the
end
of
the
day,
grayscale
is
not
in
good
shape,
but
they've
got
a
backup
plan.
That's
pretty
much
it
corporate
Financial,
Financial
World
goes
on
so
once
again
you
can
just
buy
Bitcoin
and
not
have
to
deal
with
any
of
this
anyways.
A
Do
you
agree
like
And
subscribe
leave
comments
in
the
channel
if
you
think
that
there's
a
different
take
on
what's
going
on
with
grayscale,
maybe
there's
something
you
know
that
altcoin
Daily
doesn't
know,
they'll,
probably
like
to
hear
it
if
you,
but
according
to
the
headlines,
it
looks
like
they're
just
making
they're
preparing
a
backup
plan
if
they're
not
being
able
to
get
that
ETF,
and
if
that
does
happen,
who
knows
what's
gonna
happen
to
them?
They'll
do
this
and
it'll
be
a
quiet,
slow
demolition?