Bitcoin 2021: One development could be 'huge' for cryptocurrency's acceptance, fund manager says (via ETFEdgeCNBC) InvescoUS
"It feels a lot like 2017 felt, but with a broader base," King said. "It's taking the movement forward from where it's been over the last 12 years."
King said mentions of the digital currency's recent sell-offs were "muted." Instead, bitcoin fans focused on longer-term developments, including saying he would seriously consider making bitcoin legal tender — "a huge, huge indicator of acceptance," King said.Though El Salvador's move would be a first, it likely won't stop there, Grayscale Investments CEO Michael Sonnenshein said in the same "ETF Edge" interview.
"As we think about nation states and central banks exploring digital currencies, we're not surprised to see places that have historically relied on the dollar or folks who have experienced hyperinflation exploring the potential merits of digital currency," Sonnenshein said. "We would not be surprised to see states and central banks beginning to think about adding bitcoin and other crypto to their balance sheet."
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