GSR Co-Founder Rich Rosenblum talked to Fox Business Network about the recent Bitcoin rally.
Rich discussed the similarities and differences between Bitcoin and Gold. Including how younger generations are more likely to favor digital assets. This growing market of buyers is helped by applications such as Paypal entering the space.
The risk-return relationship for crypto is now uniquely poised as an attractive alternative that is uncorrelated to wider macro and increases the diversification of a traditional portfolio. As a result, a growing number of Wall Street veterans are also taking notice.
Rich explored where he thinks the market will go from here.