Legitimizing Bitcoin Investment with Crypto Access Products

Published on
October 22nd, 2019
Duration
27 minutes

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Legitimizing Bitcoin Investment with Crypto Access Products

The Expert View ·
Featuring Michael Sonnenshein

Published on: October 22nd, 2019 • Duration: 27 minutes

Michael Sonnenshein, managing director at Grayscale Investments, first entered the bitcoin space 6 years ago when he met Barry Silbert. Since then, the Grayscale Bitcoin Trust has ballooned to almost $2 billion in net asset value. Sonnenshein explains how the rise of bitcoin access products like GBTC have helped legitimize investment in the asset class and opened up the space to a new crop of bitcoin bulls. He also touches on generational wealth transfer as an extremely underappreciated aspect of the debate between bitcoin and gold. Filmed on October 8, 2019 in New York.

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Transcript

Chapters

  1. 00:01:48
    How did you get interested in Bitcoin?
  2. 00:03:12
    Accessing a store of value in a digital age
  3. 00:04:24
    How does $GBTC track the price of Bitcoin?
  4. 00:05:45
    How does the private placement differ from the OTC product?
  5. 00:07:06
    What type of investor is using $GBTC?
  6. 00:08:57
    How viable is $GBTC as a vehicle for shorter term trading?
  7. 00:09:40
    Other crypto access products
  8. 00:11:53
    How have Bitcoin access products helped legitimize the asset class?
  9. 00:13:11
    How has the bullish case for Bitcoin evolved?
  10. 00:15:33
    Do you see major market shocks as a test for Bitcoin?
  11. 00:16:28
    A clearer picture of inflows
  12. 00:19:47
    A closer look at investor profiles
  13. 00:20:48
    The generation wealth transfer’s effect on Bitcoin
  14. 00:23:23
    The evolution of money
  15. 00:24:13
    Fed coin?