Despite the growing adoption and clarity regarding Digital currencies regulatory status, for traditional investors, the technical complexities surrounding cryptocurrencies is still unchartered territory. A week ago, Peter Schiff, the CEO of Euro Pacific Capital and a big-time Bitcoin naysayer made headline when he blamed Bitcoin network in a tweet for no longer able to access his wallet. The reason he wasn’t able to access his bitcoins was that he mixed up his passcode and private keys.

For many investors, cryptocurrencies are still hard to understand, and companies like<a href="https://www.cryptoknowmics.com/crypto/us-sec-approves-grayscale-bitcoin-trust-as-a-reporting-company/"> Grayscale</a> is working to bridge this divide. Grayscale registered more than $600 million in cryptocurrencies last year. The Managing Director at Grayscale Investments, Michael Sonnenshein explained in the<a href="https://rationalreminder.ca/podcast/83"> latest episode of Rational Reminder</a> Podcast about how Grayscale is useful for investors and how digital currencies represent asset class today.
<h2>Grayscale Product’s Utility For Investors</h2>
Sonnenshein said in the podcast that when it comes to Bitcoin and other cryptocurrencies, investors should carefully examine that from whom they are buying bitcoins. The technical knowledge required for managing cryptocurrencies serves as a considerable barrier for many despite the fact it can be purchased independently.

Furthermore, he said that one would need the technical know-how for managing transactions such as in order to move a bitcoin to the wallet, to be able to secure your keys and to keep the bitcoin safe for longterm. But clearly, for most investors, it is still an unfamiliar experience.

He explained how Grayscale products could help investors knowing<a href="https://www.cryptoknowmics.com/crypto/regulators-striving-to-meet-up-with-changes-in-digital-assets-and-cryptocurrency/"> digital assets</a> in a better to address these challenges in a way that feels more akin to their experiences.
<h2>Bitcoin As An Asset Class</h2>
Moving forward, Sonnenshein highlighted the key differences between<a href="https://www.cryptoknowmics.com/crypto/bitcoin-and-gold-flourishing-as-coronavirus-grips-china/"> bitcoin and Gold</a>, which serves as a better store of value and described bitcoin to have greater portability and divisibility.

He said that Gold has become an asset that’s primarily held by governments and central banks and is of less use as compared to Bitcoin, which lends itself to astounding applications and can make anything possible.

Grayscale Director's Podcast Debate On Bitcoin Vs Gold

Michael Sonnenshein, Grayscale Investments Managing Director, explained the usefulness of Bitcoin as an asset and how it is way much better than Gold.

Javeria is into the crypto world ever since she heard about it and is pursuing her interest through cryptoknowmics. She is a sensational poet, technical writer and content strategist. Not to mention that she can go crazy when it comes to vampires and Wonder woman.

Grayscale Director's Podcast Debate On Bitcoin Vs Gold

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