Grayscale CEO: The low recovery of the market and the upcoming institutional launch are key catalysts for Bitcoin's prosperity

Barry Silbert, CEO of Grayscale Investment, recently spoke about the micro and macro factors that led to the recent rise in bitcoin prices. He also used the financial giants such as JPMorgan Chase and Goldman Sachs to enter the field of encryption as an example. He is convinced that the world will soon enter a form of illegal decentralized currency. Bitcoin's current market movements may fall back to its early lows. “If you look at the history of Bitcoin, we will notice that when the price falls, the market is satisfied with the low point. After publishing this article, this is just a question of when the flow will recover. Once the price rises, you can Seeing the increase in capital and the excitement of the entire industry."