‘Educate Yourself’: Grayscale ETF Head Wants Skeptics To Learn About ‘Disruptive’ Nature Of Bitcoin And Other Cryptos
Grayscale’s Global Head of ETFs, Dave LaValle, encouraged cryptocurrency skeptics to educate themselves about the “disruptive” potential of the asset class.
What Happened: In an exclusive chat with Benzinga, LaValle likened the current state of cryptocurrency to the period when exchange-traded funds began gaining traction at the beginning of this millennium.
“It wasn’t really until the mid-2000s is when people really adopted them and started to question some of the myth that they were financial weapons of mass destruction,” he stated, adding that Bitcoin (CRYPTO: BTC) and other digital assets were now at a similar crossroads.
“We’re having really high quality conversations in that regard,” LaValle added. “We’re not here to say that Bitcoin belongs in every single client’s portfolio, but we’re here to say you need to educate yourself.”
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