New #DropGold Ad Campaign by Grayscale “It’s Time To Go Bitcoin” Gets Novogratz Comments

There is a fierce legitimacy battle happening right now between gold and Bitcoin. One of the main reasons for that is the current macro-economical situation of the world, which is uncertain. This has prompted Grayscale Investment, an investment crypto company considered to be the largest crypto asset manager in the world, to give its opinion on the matter.

Grayscale has recently launched its ad campaign #DropGold. According to the company, people should not invest in “useless rocks” anymore. The commercial makes fun of gold and affirms that exposure to digital currencies is much more valuable.

The head of Grayscale, Michael Sonnenshein, affirmed that this is part of the company’s strategy to educate the investors on the benefits of investing in Bitcoin and showing that the asset has a bigger potential than gold.

The CEO of Galaxy Digital, Mike Novogratz, has decided to give his opinion on the ad.

According to a recent tweet from him,

I like long gold and long $btc. $btc will be a lot more volatile. But same macro should drive both. https://t.co/JY9lD6Ikkd

— Michael Novogratz (@novogratz) October 23, 2019

Peter Schiff, a well-known gold bug, was also quick to react to the new piece of propaganda. He affirmed that this was one of the worst-timed ads in history and affirmed that Bitcoin will eventually become a simple footnote, not more than “fool’s gold”. It seems that the battle for legitimacy continues, so we’ll have to wait and see which prices go up and which ones go down.