This episode is sponsored by Minima.global and Circle.

You're listening to The Hash Headlines on the CoinDest Podcast Network.

Get caught up on this week's top stories from the Hash crew.

And just a reminder, CoinDesk is a news source and does not provide investment advice.

Monday's top story.

I am leaning off today with some bad news.

We keep starting the week off on bad news, but that's

kind of where we're at with crypto right now. It's a bear market. Grayscale Bitcoin trust is down

to a discount of 43% that's record high. And that's because look at this on the right there.

Bitcoin is not doing so great either. 50% of wallets are actually in the red in terms of purchases. So if you look at the longevity

of coins being purchased since Bitcoin's inception, 50% of those coins have been purchased

and now are at a loss. That's a huge negative note for investors out there who probably

purchased during either one of the bull markets and are now sitting on

a stack that's underwater.

And that leads to different accounts in Bitcoin or different products in Bitcoin that aren't

doing so hot either.

So we have the gray scale Bitcoin Trust, which I mentioned a second go, is down at 43%

discount.

Of course, CoinDesk is now owned by DCG, so we'll make a little disclosure there.

Why does this matter that this product is at a discount?

Well, a lot of people have it in their 401K.

That's the reason this trust product actually gained ground and why it's actually a bedrock

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