Bitcoin can no longer be considered 'passing fad,' says Grayscale CEO

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bitcoin is no longer just a fad, according to Grayscale CEO Michael Sonnenshein.

Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The entrance of large investment firms like BlackRock and Fidelity into the race to launch a spot bitcoin ETF fund illustrates the extent to which bitcoin is no longer"a passing fad," according to Grayscale chief executive Michael Sonnenshein.

The leader of the largest crypto asset manager told The Block that"market participants are reacting favorably to the entrance of legacy financial institutions into Bitcoin — a trend that lends further validity to an asset that was once believed to be a passing fad," he said. Indeed, on Wednesday the CEO of BlackRock — which submitted a surprise filing for a spot bitcoin ETF in mid-June — told Fox Business that bitcoin was equivalent to

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New BRC69 Token Standard Promises 90% Savings for Bitcoin's Ordinal Inscriptions – Technology Bitcoin NewsWhile Ordinal inscriptions continue to rise, nearing the 15 million range, a new token standard for Bitcoin was revealed on July 3 called BRC69.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Consolidates Lower Ahead of FOMC Meeting Minutes – Market Updates Bitcoin NewsBitcoin dropped below $31,000 on Wednesday, as markets consolidated ahead of the upcoming Federal Open Market Committee (FOMC) minutes.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin Emerges as NFT Contender With $463 Million in Sales in 4 Months – Bitcoin NewsIn just four months, non-fungible token NFT sales on the Bitcoin blockchain have soared to $463.68 million.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin Blockchain Clears Over 187,000 Unconfirmed Transactions Since Last Week – Bitcoin NewsThroughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin Cash Jumps 8% Daily, Bitcoin Challenges $31K Again (Market Watch)XEC has surged the most from the top 100 digital assets, by adding 18% in a day.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin ETF Bullish Effect on Bitcoin (BTC) Price Has One More Signal, Analyst SaysSeasoned crypto expert and former senior analyst of Messari Tom Dunleavy foresees huge BTC spot buying, here's why
Source: Utoday_en - 🏆 295. / 63 Read more »