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/ ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/ ►►BITGET GET UP TO A $8,000 BONUS IN USDT AND GET MASSIVE DISCOUNTS ON TRADING FEES! 👉 https://thewolfofallstreets.info/bitget ►►NORD VPN GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets ►►COINROUTES TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS! 👉 http://bit.ly/3ZXeYKd ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/ Follow Scott Melker: Twitter: https://twitter.com/scottmelker Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #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.