Founder and CEO of Digital Forex Group Barry Silbert mentioned on social media Monday that the majority cryptocurrencies are overpriced.
What Occurred: Silbert’sgot here in response to a tweet from Bloomberg’s Joe Weisenthal that inquired if cryptocurrencies have been overpriced typically or “only a bunch of sh*tcoins that don’t have any enterprise being the place they’re?”
Silbert mentioned, “99% are overpriced.”
Silbert final montha brief place in Dogecoin (DOGE), and earlier this month mentioned he expects the sizzling meme $1 billion market capitalization.
Why It Issues: Silbert’s Digital Forex Group subsidiary Grayscale Investments is within the cryptocurrency asset administration enterprise.
The agency runs funds such because the Grayscale Bitcoin Belief (OTC:) and the Grayscale Ethereum Belief (OTC: ).
(BTC), the apex cryptocurrency, has surged over 23% in a seven-day trailing interval as of press time. BTC traded 4.26% greater at $40,484.98.
GBTC closed 7.47% greater at $33.08 on Monday, whereas ETHE ended the day 5.95% greater at $24.45.
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