BCHG + LTCN Bitcoin Cash & Litecoin Grayscale Trusts
Hello everyone. BCHG and LTCN are moving almost in sync. I believe both of these trusts have the potential to surpass their all time high. BCH and LTC are both considered non securities and are two of only 4 cryptos total that the USA is allowing USA institutional and accredited investors to be able to purchase and invest in. I believe because there are so few to pick from that the majority of the money from these large players is going to flood into these few.
The gains could possibibly be better with the LTCN trust because BCHG has made a larger percentage move from its lows to current. So the gains could be double with LTCN than BCHG but both will have significant gains.
What many people dont realize is that for a mega multi millionaire or billionaire, and billion dollar companies to invest in these cryptos there needs to be clear rules from the USA government or they simply cannot risk investing billions of dollars into a gray market. Also there needs to be insurance and a custody option which has been in the works for a few years now and is complete. The past bull runs was just the small player, little guys, retail. This next bull run will be the big money. So what Im getting at is dont ignore what the USA is doing and what is allowed. USA has the deepest pockets in the world and what USA does the rest of the world eventually follows. So if the USA CFTC and SEC say Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are the four crypto currencies that are considered non securities then that should be enough for anyone with eyes to see where the most money will be made in this next run.
Right now its just meme and shlt coin season and the spotlight is on them. Once these four OG cryptos above start appreciating significantly and rapidly, watch how fast the spotlight flips and the fomo kicks in. Also I see a lot of hate for LTC on youtube, forums, even on here. Its an indicator, for me at least, that Litecoin has passed the depression stage and is about to take off. Many many people got burned in Litecoin in the past and have a distaste for it so they will slam Litecoin any chance they get. I dont let the FUD bother me or move me out of position.
This is not financial advice this is just my opinion. Thank you
The gains could possibibly be better with the LTCN trust because BCHG has made a larger percentage move from its lows to current. So the gains could be double with LTCN than BCHG but both will have significant gains.
What many people dont realize is that for a mega multi millionaire or billionaire, and billion dollar companies to invest in these cryptos there needs to be clear rules from the USA government or they simply cannot risk investing billions of dollars into a gray market. Also there needs to be insurance and a custody option which has been in the works for a few years now and is complete. The past bull runs was just the small player, little guys, retail. This next bull run will be the big money. So what Im getting at is dont ignore what the USA is doing and what is allowed. USA has the deepest pockets in the world and what USA does the rest of the world eventually follows. So if the USA CFTC and SEC say Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are the four crypto currencies that are considered non securities then that should be enough for anyone with eyes to see where the most money will be made in this next run.
Right now its just meme and shlt coin season and the spotlight is on them. Once these four OG cryptos above start appreciating significantly and rapidly, watch how fast the spotlight flips and the fomo kicks in. Also I see a lot of hate for LTC on youtube, forums, even on here. Its an indicator, for me at least, that Litecoin has passed the depression stage and is about to take off. Many many people got burned in Litecoin in the past and have a distaste for it so they will slam Litecoin any chance they get. I dont let the FUD bother me or move me out of position.
This is not financial advice this is just my opinion. Thank you
