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What is Grayscale's current opinion on Bitcoin?

What is Grayscale's current opinion on Bitcoin?
Asked by
Nick Robinson categorie-icon time-icon1 month ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon1 month ago

Grayscale seems to be pretty objective in all its analysis but has clearly shown interest in bitcoin with its actions throughout history. According to the most recent analysis done by Grayscale, bitcoin has outperformed traditional assets during the United States-China trade war by a large margin. Grayscale stated that bitcoin gained 47% in the period from 5th May to 31st May, which is far more than any of its “competitors.” To compare that with the other assets, the second-best asset in terms of price movement is the Japanese yen, which gained 2.1%.

“While the drawdown appears to be in its very early stages, Bitcoin is getting a jump before these risks are fully reflected in other asset prices,” stated Matthew Beck, the company’s director of investments and research.

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