Grayscale Founder Expects “A Tidal Wave of Capital” To Flow Into Crypto

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More than $750 billion has been added to the total crypto market cap since the start of 2020, but according to Barry Silbert, founder of Grayscale Investments, says a lot more is on the way. According to the CEO of Digital Currency Group, a “tidal wave of capital is about to flow into crypto.” Here are the factors that could cause another surge of record-breaking inflows into Bitcoin and altcoins. The Recent And Rapid Rise of Bitcoin The total cryptocurrency market cap tapped more than $1 trillion in 2021, but it is possibly only the beginning of what’s to come. Last year was underscored by the pandemic, and the unique environment it created was a perfect storm for Bitcoin to rise. A non-sovereign asset outside of the government’s reach, that is hard-coded to be digitally scarce, is incredibly attractive to the wealthy during a time when fiat money is being…

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