Post
Topic
Board Economics
Re: We're just getting started," says Grayscale 's Michael Sonnenshein
by
Myfe
on 02/12/2020, 00:14:05 UTC
Quote
If our inflows at Grayscale are any indication of the types of investors that are interested in this asset class or the sizes of allocations being made, we're just getting started,"

The "IF" word is always a bit suspect. It doesn't lend confidence to the future and every investment advisor knows that past performance isn't indicative off future results. So to say if the high volume of people who bought our product in the past indicate that we'll have a high volume of people buying in the future we should be successful is a simple bit of bullshit.

A better indicator of increased interest is the number of searches for bitcoin in the past 6 months - has it increased? Or the news about retirement plans gaining access to BTC investment. Or how many mainstream news media outlets and sources are talking about Bitcoin. The more press the more the public gets to thinking bitcoin is "Just another investment that's doing really well" as opposed to "some weird tech geek thing".

Regardless, CNBC talking about bitcoin in a positive way is a great thing.