Grayscale CEO Claps Back At Jamie Dimon For Saying Bitcoin Should Be Banned Bitcoin is here to stay whether big banking executives like Jamie Dimon like it or not, according to Grayscale
CEO Michael Sonnhenshein.
The executive is the face of the company spearheading
the world’s largest Bitcoin (BTC) and Ethereum (ETH) investment funds. Grayscale is currently negotiating with the Securities and Exchange Commission
(SEC) to approve each fund’s conversion into publicly traded spot ETF products.
Despite opposition, the company won a lawsuit against the government regulator
in August in a major step towards doing just that. Yet earlier this week,
JPMorgan’s CEO said that if he were in charge he’d close Bitcoin down entirely. Sonnhenshein responded with understanding, yet dismissal. In a Wednesday interview with Yahoo Finance, he said:
“I think every executive, particularly in the financial services space, is going to have their own opinions on new technologies and whether that’s crypto or Bitcoin specifically. But if you take a big step back, there is no question that this asset class is here to stay, that investor interest in this asset class is only growing.” After a major rally above
$44,000 earlier this week. Bitcoin is up over
160% year to date. Ethereum, meanwhile, is up 96% at over $2,300.
