Grayscale and BlackRock foresee continued crypto growth despite Democratic victory
BLK Blackrock Inc
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View chart & analysis → - 1Grayscale stated that the industry's future depends on overseas demand and adoption by major financial institutions rather than Washington.
- 2According to an October 28 research note, Grayscale mentioned that the US share of global crypto activity averaged 19% with a median of 16%.
- 3Bitcoin fell below $76,000 overnight before recovering above $80,000 on Wednesday.
So what's the key point?
Grayscale said the future of cryptocurrency depends more on international demand and participation from financial institutions than on the US. The crypto market showed movement as Bitcoin prices recovered above $80,000.
Source CryptoProwl +1 · View original ↗
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