Barry Silbert: the price of bitcoin will respond positively to the release of digital currencies of central banks

Barry Silbert: the price of bitcoin will respond positively to the release of digital currencies of central banks

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The emergence of digital currencies of central banks will increase the interest in cryptocurrencies by institutional investors and this, in turn, will positively affect the dynamics of bitcoin prices. This was stated by the head of Grayscale Investments and Digital Currency Group Barry Silbert, writes Cointelegraph.

At the same time, the larger the market for state digital assets will be, the better for cryptocurrency.

“In the future, more than 80 digital currencies of central banks may appear, which will lead to huge injections of funds in financial systems for the safe storage and execution of various operations with these coins. If such an infrastructure is created, it can be used for conventional cryptocurrencies, including bitcoin, ”Silbert said.

He suggested that whenever these assets are issued, they will reveal the benefits and value of bitcoin as a digital currency.

Silbert previously claimed that in the future, most digital tokens will disappear because they are not used in any way.

Barry Silbert: the price of bitcoin will respond positively to the release of digital currencies of central banks

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