In a recent interview with Bloomberg, Silbert revealed that he sees the revival of Bitcoin (BTC), which has brought the leading digital currency from $3,000 to $8,000 in only a matter of months, as far different than the bubble formed by the 2017 bull run.
Silbert states that he sees the current market sentiment, price technicals and the significant improvement in infrastructure as major indicators suggesting Bitcoin is ready to make a push to new all-time highs.
“You have custodians now, [in addition to] trading and compliance software,” said Silbert. “Investors are more educated about the asset class so this time it’s different.”
Silbert and Grayscale have certainly been doing their part to advance the market. As we previously reported, the firm recently launched a major marketing campaign to try and sway institutional investors to drop their investments in gold and begin positions in Bitcoin.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.