Famed Bitcoin critic Peter Schiff says investor confidence in Bitcoin could be declining as GBTC trades at a record discount. 
Market data indicates that the BTC market still has pointers of strong investor confidence. 
Economist Peter Schiff, the founder and chief market strategist of Euro Pacific Asset Management, has continued his anti-Bitcoin campaign with a warning that investor confidence in the Bitcoin (BTC) could be reducing.
In a tweet, Schiff pointed out that Grayscale Bitcoin Trust (GBTC)—the world’s largest Bitcoin fund— hit a 43 percent discount to its net asset value (NAV). At this discount level and a Bitcoin price of around $16,700 on the day, shareholders of the fund were willing to sell their Bitcoin for the equivalent of $9,500.
Today the #Grayscale Bitcoin Trust traded at a 43% discount to its NAV. With #Bitcoin trading at $16,700, shareholders of $GBTC were willing to sell their Bitcoin for the equivalent of $9,500. What does that tell you about retail and

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