As central banks around the world consider digitizing their fiat currencies, the trend could actually push more investors into crypto, Grayscale’s Michael Sonnenshein and Osprey Funds’ Greg King told CNBC this week.
“That will not displace or, if anything, take market share or compete with decentralized currencies like bitcoin,” Sonnenshein, the CEO of Grayscale, said in a Monday interview on CNBC’s “ETF Edge.”
“I think it all trends towards the digitization of money and something that investors and just your average person … who may not be in the investment market can glom onto as well,” Sonnenshein said.
Grayscale runs the largest bitcoin-based fund in the world, the Grayscale Bitcoin Trust (GBTC), with over $24 billion in assets under management.
While bitcoin has yet to establish itself broadly as a payment mechanism, its role as a store of value…