Barry Silbert: we are out of crypto winter

01 May, 2019 | Updated: 01 May, 2019
by Alberto Arnaldo
Opinion
Barry Silbert: we are out of crypto winter

Digital Currency Group founder and CEO Barry Silbert appeared today on Yahoo Finance for an interview, coinciding with the launch of the #dropgold campaign from his firm.

The launch appears to be grounded on the call of the end of “crypto winter” put forward by Silbert, who mentioned that over the next 20 years, there is a very limited upside on gold, and a very steep one on Bitcoin. The full interview can be watched in the tweet below:

Silbert said that, despite some of the crypto community rejecting that comparison between cryptocurrency and gold, as they intend crypto to become “something else”, if Bitcoin became the world’s reserve currency that would suppose a success case by itself, regardless of all the potential benefits in processing payments.

The latest campaign from Grayscale, which from the latest ad appears to be targeted at audiences such as the young and females, is grounded, according to Silbert’s words, on the change that will take place when millennials and their preceding peers start inheriting large amounts of traditional assets, with gold among them. He expects that much of this new wealth will experiment investing changes, with Bitcoin becoming a beneficiary.

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Read more about: Gold Bitcoin (BTC)

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