Barry Silbert’s Grayscale Investments has released an income report which defies the theory that lower Bitcoin prices mean less cash flowing into cryptocurrency.
Who Cares About Bitcoin Prices?
In its Digital Asset Investment Report, Grayscale revealed the highest rate of investment in its history — $ 250 million since January.
The rate of investment, especially in Bitcoin, actively increased throughout Q1 and Q2 — despite Bitcoin prices decreasing by over 50 percent during the same period. “As the investment community knows, over the last six months, the digital asset market experienced one of the largest price drawdowns since the inception of Bitcoin in 2009,” the report summarizes, continuing: