Michael Sonnenshein, CEO of Grayscale, discusses the anticipation of Bitcoin's upcoming halving, an event that halves the reward for miners and has historically boosted Bitcoin prices. Sonnenshein stresses the importance of this event in reconsidering Bitcoin's fundamentals, pointing out that the total supply is limited to 21 million tokens, with more than 19 million already in circulation. It will take around 120 years to issue the remaining two million, highlighting the supply-demand balance.
Grayscale is using the event to educate investors on the fundamentals of Bitcoin, focusing on education and marketing, including meetings with new investors in Dubai. Sonnenshein notes that interest in Bitcoin and cryptocurrencies for many people, offering different values to investors, whether as a store of value, means of payment, or technology investment.
He also points to the recent introduction of Bitcoin ETFs in the US, still a young market with significant growth potential. Grayscale, which launched the world's largest Bitcoin ETF, GBTC, in 2013, continues to expand its range of products to adapt to the varied needs of investors.
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