Grayscale Founder Expects “A Tidal Wave of Capital” To Flow Into Crypto

2021-1-28 18:30

More than $750 billion has been added to the total crypto market cap since the start of 2020, but according to Barry Silbert, founder of Grayscale Investments, says a lot more is on the way.

According to the CEO of Digital Currency Group, a “tidal wave of capital is about to flow into crypto.” Here are the factors that could cause another surge of record-breaking inflows into Bitcoin and altcoins.

The Recent And Rapid Rise of Bitcoin

The total cryptocurrency market cap tapped more than $1 trillion in 2021, but it is possibly only the beginning of what’s to come.

Last year was underscored by the pandemic, and the unique environment it created was a perfect storm for Bitcoin to rise. A non-sovereign asset outside of the government’s reach, that is hard-coded to be digitally scarce, is incredibly attractive to the wealthy during a time when fiat money is being devalued at alarming rates.

RELATED READING | IMF SURVEY OVERWHELMINGLY SUPPORTS BITCOIN AS “MONEY”

Trillions of dollars have been added in freshly printed USD, causing fears of hyperinflation. The price of commodities, stocks, and just about everything else has risen since – cryptocurrencies included.

Nearly a trillion of capital has come into crypto as a result, but according to industry pioneer Barry Silbert, a “tidal wave” is coming.

The total cryptocurrency market cap recently tapped $1 trillion, but more capital is coming | Source: CRYPTOCAP-TOTAL on TradgingView.com Barry Silbert: “A Tidal Wave Of Capital” Is Coming To Crypto

Barry Silbert is in the know. He is the founder of Digital Currency Group, parent company of Grayscale Investments – the institutional investment platform of choice for Bitcoin exposure.

Grayscale is buying more BTC than miners can produce in the same timeframe, feverishly trying to meet demand. The demand Silbert sees must only be growing, ready for the flood gates to be opened.

As for what might be the key to turning the trickle of dollars into a flood, it could be coming from the stock market. All assets are currently in a bubble, but few classes are more overvalued than stocks.

The situation is coming to a head as retail investors face off against hedge funds and regulators, and it could only add to Bitcoin and crypto’s perfect storm.

RELATED READING | GLOBAL MACRO INVESTOR: THE STRONG PART OF BITCOIN UPMOVE HASN’T EVEN STARTED YET

Institutional investors could consider moving capital into crypto due to the larger chance of upside, or potentially to hedge against fiat monetary risk. Retail investors who have driven the post-Black Thursday bull market, have suddenly been betrayed by Robinhood, who has halted trading of GameStop, AMC, and other shares of dying or defunct businesses.

These traders could find a home in the “free market” of cryptocurrencies. The term is currently trending on Twitter, showing how significant this moment is to the history of finance.

Could the preference for truly free markets be the most attractive aspect of crypto yet? And could that be enough to cause the tidal wave Silbert speaks of? Time will soon tell.

Featured image from Deposit Photos, Charts from TradingView.com

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crypto grayscale flow according tidal founder wave

Источник: bitcoinist.com

crypto grayscale → Результатов: 126


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U.S Securities and Exchange Commission’s acceptance of crypto is ‘a question of when not if,’ claims Barry Silbert

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2019-7-13 19:30


Фото:

Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research

Bitcoin’s [BTC] entry into the financial market has finally been acknowledged by the world after a painfully long decade of proving its relevance. While recent conversation has revolved around the comparison between crypto (mainly BTC) and fiat, the crypto-ecosystem has forced the new generation of investors to re-evaluate the value of gold, in terms of […] The post Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research appeared first on AMBCrypto.

2019-6-8 21:00


Multi-Billion Crypto Manager Sees Next Halving Triggering Bitcoin Price Boom

By CCN: In the past six months, the bitcoin price has increased from around $4,000 to $8,000, recording a staggering 115 percent year-to-date gain against the U. S. dollar. Historically, the bitcoin price has tended to recover a year before and after the block reward halving, a mechanism that decreases the rate in which new bitcoin is produced by miners by half.

2019-6-7 16:14


Bitcoin Price Shatters $11,000 on GBTC’s 37% Premium Over Skyrocketing Demand

By CCN: In the past month, within a 30-day span, the bitcoin price has surged 60 percent against the U. S. dollar to about $8,500 as the valuation of the crypto market rose by $100 billion. Major crypto assets such as ethereum, litecoin, and EOS have seen gains above 100 percent year-to-date, with Binance Coin, the seventh most valuable crypto asset in the global market, recording a staggering 437 percent gain against the USD.

2019-5-29 11:08


Bitcoin Goliath: Grayscale’s Investment Report Shows A Positive Start To 2019

Grayscale, the digital currency investment firm, released its Q1 2019 Digital Asset Investment Report yesterday. The investment company founded by Barry Silbert, which is reputed to own approximately one percent of all the world’s bitcoin, recorded its first positive quarter since the end of 2017 for three of its funds.

2019-5-15 19:46


Bitcoin is Not a Replacement for Gold’s Near $8 Trillion Market Cap, Says World Gold Council

It is well-known that blockchain is a very destructive technology, and crypto, by its very nature, is set up to compete with and possibly overtake fiat currency at some point in the future and this was made obvious when a viral campaign called #dropgold hit the internet, which was backed up by Grayscale Investment. The […]

2019-5-3 18:17


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