ESPN Tennis Analyst Brad Gilbert Gets GBTC, His Little Daughter Buys Dogecoin
Prominent ESPN’s tennis analyst (former player-turned coach, also a best-selling author) has shared with CNBC Squawk box show’s host about his recent first ever experience with crypto – Bitcoin.
"I had never done anything in #crypto and I bought my first in February. It's called @Grayscale," says @ESPN Analyst @bgtennisnation. "I feel like the market everyday is like a tennis match, like an opponent. I just try to get a little win." pic.twitter.com/AixN93RGGI— Squawk Box (@SquawkCNBC) September 3, 2021
Little daughter’s DOGE purchase drives Gilbert to GBTC
Brad Gilbert has shared that in February this year he made his first foray into the world of cryptocurrencies – he bought Grayscale’s GBTC.
He admitted that his little daughter had got into crypto before him and bought “one of those crazy Dogecoins”.
Grayscale offers institutional investors an exposure to crypto assets via trusts. Aside from Bitcoin they offer Ethereum, Litecoin, Cardano’s ADA, and several other altcoins – MANA, XLM, BAT, etc.
Bitcoin is back at $50,000
As covered by U.Today, on September 2, the flagship cryptocurrency Bitcoin surged back above the $50,000 level. However, it was unable to stay there and made a rollback. By now, BTC has recovered and is trading at $50,245, as per the data provided by CoinMarketCap.
Previously, the leading crypto managed to briefly recapture the $50,000 price mark on August 23 due to the recovery of Bitcoin hashrate after the Chinese ban, weak hands dumping their Bitcoin at a loss and the Fear and Greed Index indicating extreme fear back then.
August 23 was the first time Bitcoin had made it above $50,000 since the middle of May.Source