Don't fade Barry

2021年11月8日

Time & time again, Barry Silbert backed coins have pumped to levels that are unbelievable to see. If you look back on the history of Grayscale products (grayscale.com/products) they all have a history of listing at a crazy premium to spot price, dumping from there, and then trading sideways till the moonshot. This time will not be different. Barry has a huge ego that will not allow projects within his fund to fail. ZEC is no different. ZCSH is something that you can buy with a retirement account or something that you can buy with any normal brokerage account (Robinhood does not include it). It correlates to ZEC. At the time of writing, it currently has a discount to the spot price of ZEC, but I expect that to tighten up soon. The rest of the year for crypto should be amazing for crypto, so I highly expect this to pump with the market. In addition to that, ZEC has a network upgrade called Halo 2 that will be implemented in January. There should be hype for that and I expect both ZEC & ZCSH to reflect that. If you do choose to invest in ZCSH, please keep in mind the slippage that you will incur when you market buy. It is very difficult to fill orders at this point because of the lack of liquidity.

Good luck & happy trading