Grayscale CEO "Bitcoin is not a fad"
According to The Block, Michael Sonnenshein, CEO of Grayscale Investments, said, "Bitcoin has become a fad when large financial institutions such as BlackRock and Fidelity filed applications for listing on Bitcoin spot ETFs. This suggests that it is not." “Currently, cryptocurrency market participants are reacting enthusiastically to the adoption of Bitcoin by traditional financial giants. Bitcoin, previously dismissed as a fad, is being given more value,” he explained.
