Barry Silbert: Crypto’s Next Move Is Fully Stock Exchange Dependent


barry silbert

Barry Silbert believes that the developments in the stock market in the coming weeks will determine the next move of cryptocurrencies.

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As cryptocurrencies continue to experience major volatility, Barry Silbert, founder and CEO of Grayscale and Digital Currency Group (DCG), says the next move of cryptocurrencies will be announced in the coming weeks. Silbert used the following statements in his tweet today:

“Where the crypto market goes from here is entirely up to the stock market in the next few weeks.”

Silbert recently emphasized that the current collapse of crypto currencies is also healthy. Silbert also stated that many crypto traders trust cryptocurrencies for the long term.