Recently, there is a picture circulating in the currency circle that Grayscale will increase its holdings of six cryptocurrencies in the future. Seeing Polkadot in the picture, I am secretly happy that the coins are still there. Having said that, I went to check the official website of Grayscale. Grayscale does plan to launch six new cryptocurrency funds in 2021, but there is no specific announcement of the list, so the picture is fake! However, I think Grayscale will hold 2.5% of the total DOT in the future.
Looking back at Polkadot’s one-week market, after a sharp correction, DOT continued to rise, reaching as high as $19.387, an increase of more than 40% in 24 hours, and the market value rose from eighth to fourth. In terms of market value alone, Polkadot is already the fourth largest cryptocurrency in the world, which is in line with their requirement for stability as a trust.
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Now, do you regret it?
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Institutional cattle are coming
At present, Grayscale mainly holds cryptocurrencies, 2.91% of the total BTC, 1.38% of the total LTC, 2.57% of the total ETH, and 1.14% of the total BCH. Grayscale plans to add six new cryptocurrency funds in 2021. If Grayscale holds more than 2.5% of the current mainstream currencies, then Grayscale is likely to hold 2.5% or even more of the total amount of DOT in the future.
In fact, the currency circle supports Polkadot voice, which is inseparable from Polkadot's ecological construction, technological innovation, and technological iteration. Take Polkadot and EOS for comparison, the teams are different, BM and B1 have raised 4 billion US dollars, and they have nothing to do with the ecology; DOT has raised several hundred million, which has a lot of support for the ecology, and the ecology is also very healthy.
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Compared with other projects that have been in operation for many years, Polkadot is still in its early stages. The real ecology is still being established, but in general Polkadot's cross-chain architecture and future parachain layout have a boundless development space, which is an ecology with a super high ceiling.
Finally, it is not surprising to me that Grayscale wants to hold Polkadot. It depends on the future position ratio of Grayscale. Now Grayscale’s mainstream currency holdings account for about 2.5% of the majority. If the holdings of Polkadot are increased in the future, it will speed up the ecological development of Polkadot, and Polkadot will also bring us more surprises.
