Bitcoin can serve as a hedge against economic dislocations, says Michael Sonnenshein, managing director of Grayscale Investments.
Michael Sonnenshein, managing director of Grayscale Investments, spoke with the Investing News Network (INN) about Grayscale’s research in applying bitcoin as a hedge while also discussing the rules-based methodology in its Digital Large Cap Fund.
Grayscale operates the Grayscale Bitcoin Trust (OTCQX:GBTC), the highest performing blockchain-based stock according to Barchart, with over 145 percent returns year-to-date.
Along with the Grayscale Bitcoin Trust, it runs a Digital Large Cap Fund, with US$15.7 million assets under management and a wider cross-section of digital currencies. Over the past nine months, it has seen returns in excess of 75 percent.
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