{"id":108941,"date":"2021-01-20T18:17:14","date_gmt":"2021-01-20T18:17:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108941"},"modified":"2021-01-20T18:17:14","modified_gmt":"2021-01-20T18:17:14","slug":"grayscale-ceo-outlines-6-themes-that-will-shape-crypto-market-in-2021","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/grayscale-ceo-outlines-6-themes-that-will-shape-crypto-market-in-2021\/","title":{"rendered":"Grayscale CEO outlines 6 themes that will shape crypto market in 2021"},"content":{"rendered":"<p>Michael Sonnenshein, the newly appointed CEO of Grayscale Investments, believes 2021 will mark another pivotal year for digital-asset investing as institutional capital and nation-state adoption drive the next leg of the bull market. <\/p>\n<p>In a keynote address at this year\u2019s virtual CFC St. Moritz Conference, Sonnenshein identified three key investment themes that underpinned Bitcoin\u2019s (BTC) dramatic breakout in 2020. They were: macroeconomic uncertainty and quantitative easing; legendary investors and brand-name companies investing in BTC; and the continued strengthening of regulatory frameworks around digital assets. <\/p>\n<p>Sonnenshein believes 2021 will see a continuation of these trends as more investors diversify into Bitcoin and other digital assets. He also identified several others that could shape the digital currency market in the near future.\u00a0<\/p>\n<p>According to Sonnenshein, the six themes that investors should look for in 2021 are:<\/p>\n<ul>\n<li>Decreased career risk associated with digital-asset investing<\/li>\n<li>Growing interest among financial advisers<\/li>\n<li>The growth of North American and clean-energy crypto mining<\/li>\n<li>Increased stablecoin integration<\/li>\n<li>Nation-state adoption of digital assets<\/li>\n<li>New regulatory developments <\/li>\n<\/ul>\n<p>Regarding nation-state adoption, Sonnenshein speculated that this will likely include the piloting of central bank digital currencies, CBDCs, as well as the possibility of Bitcoin being added as a strategic reserve for some governments.\u00a0<\/p>\n<p>On the topic of miners, he said that Foundry, a Grayscale sister company, has already become the largest cryptocurrency miner in North America. <\/p>\n<p>Digital Currency Group, the company behind Grayscale and Foundry, revealed last year that it will invest $100 million into mining Bitcoin and other digital assets in North America. <\/p>\n<p>Grayscale\u2019s investment products have become a sort of bellwether for digital-asset adoption. The firm\u2019s assets under management, or AUM, exploded from just $2 billion at the start of 2020 to more than $20 billion at the end of the year. That growth has yet to taper off, with total AUM reaching $28.1 billion on Jan. 19. <\/p>\n<p>Holding roughly 3% of Bitcoin\u2019s circulating supply, Grayscale appears to be having a gravitational pull on BTC\u2019s price. JPMorgan Chase strategists led by Nikolas Panigirtzoglou believe the investment manager is key to Bitcoin returning above $40,000 in the near term. In order to get there, Grayscale would need to maintain a consistent pace of buying to the tune of $100 million per day. <\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/grayscale-ceo-outlines-6-themes-that-will-shape-crypto-market-in-2021\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Sonnenshein, the newly appointed CEO of<\/p>\n","protected":false},"author":3,"featured_media":108940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grayscale CEO outlines 6 themes that will shape crypto market in 2021 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/grayscale-ceo-outlines-6-themes-that-will-shape-crypto-market-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grayscale CEO outlines 6 themes that will shape crypto market in 2021 - 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