The CEO of Grayscale getting grilled by a podcaster (50m,29s). It doesn’t matter if they work with or attack the regulator, it seems there is no position we should trust from the “big bitcoin guys.” #CEO #Grayscale #grilled #podcaster #50m29s #doesnt #matter #work #attack #regulator #position #trust #big #bitcoin #guys

The CEO of Grayscale getting grilled by a podcaster (50m,29s). It does not make any difference if they work with or attack the regulator, it appears there is no situation we need to have confidence in from the “huge bitcoin men.”

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Comments (9)

  • Analog_AI Reply

    He is a crock. He is a fraudulent president and has no remorse.

    February 27, 2023 at 2:44 pm
  • Ojisan1 Reply

    I have been tough on Peter but this was good. He did good here.

    February 27, 2023 at 2:44 pm
  • Zealousideal_Ad3774 Reply

    Even if grayscale is not a fraud, their fees are usurious. Their refusal to allow withdrawals makes it clear all they care about is harvesing as much fees as possible. They are a terrible actor and I want to see them bankrupt.

    February 27, 2023 at 2:44 pm
  • turick Reply

    I took issue with this dude the second he said with a straight face that he was employee number 4, but the first 3 people quit so he considers himself employee number one. Just rubbed me the wrong way.

    And quite hilarious how he was saying how none of their products have shitcoins, but they offer products for like 17 different cryptos. SEVENTEEN. But none are shitcoins? This dude could just be another SBF promoting his own bs at any cost.

    GTFO of here

    February 27, 2023 at 2:44 pm
  • NewCryptoCurrencies Reply

    If you put your trust into anything that revolves around a dollar…. which was made for business… You’re bound for a HARDDD Lesson

    February 27, 2023 at 2:44 pm
  • sgtslaughterTV Reply

    I had to listen to this twice to get my head wrapped around the argument. I’m going to try to be fair to both sides of this conversation:

    I never looked into grayscale, never invested with them.

    “If Bob robs Peter to pay Paul (known or unknown to Paul), is Paul then liable for expanding his (perceived) legitimate assets under management to create wealth for his already existing customers?”

    He’s either lying through his teeth with hollywood-level acting skills or he’s telling the truth.

    I’m pretty torn on this one. Working in the industry since 2015. Asking questions like, “Do you not see the whites of my eyes?” Instead of saying, “We welcome any investigation the SEC or CFTC and relevant authorities may want to conduct.”

    However, I’m pretty sure we all want to see him win that lawsuit with the SEC so we actually get a spot bitcoin ETF…

    February 27, 2023 at 2:44 pm
  • Bitcoin_Maximalist Reply

    that dude can´t lie X-D

    February 27, 2023 at 2:44 pm
  • savinelli_smoker Reply

    Pete McBedford has done well in this one.

    February 27, 2023 at 2:44 pm
  • ArnzenArms Reply

    If Grayscale is a completely independent company inside DCG which is operating as a “holding company” then all the did is offer a good product (shares of the bitcoin trust). Are they to blame for other companies being unethical in their pursuit of acquiring that product?

    Is Tesla responsible if someone steals your Tesla?

    The real question is DCG a completely “hands off” holding company? Or are they responsible for orchestrating a giant con on greedy investors? If there were knowingly doing this, they would of course “compartmentalize” the grift so that the part that accumulates the assets would be left “in tact” if it all fell apart.

    That would be more like Elon musk not only owning Tesla, but also being the Godfather of an organized crime ring that steals cars and pushes them out through another company he owns that sells used Teslas.

    Peter was accusing Michael of knowingly being in the grift. Maybe he was, but maybe he really is just a CEO of a company with an arguably successful product.

    I think it was good that Peter challenged him on the possibility that it was all orchestrated. But he should have let his viewers decide if they believe Michael or not. Him basically calling him a liar will make it difficult for him to get these kind of interviews in the future.

    February 27, 2023 at 2:44 pm

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