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Positive Changes for BTC Promoted by Barry Silbert

Barry Silbert is a well-known entrepreneur as well as investor who has made significant contributions to the world of cryptocurrency and also owns Gensis Trading and Grayscale investments. Foundry and Digital Currency Group which tend to be venture capital companies specializing in funding businesses operating in the blockchain as well as digital currency sectors are also owned by Barry Silbert. This Millionaire has become a prominent figure in the cryptocurrency over the years due to his efforts that has helped promote positive changes for BTC. He has therefore been a key figure in the development of a number of advantageous improvements in the Bitcoin sector. He has helped shape the industry and drive its growth with some of his major contributions listed below.

One of such major contributions includes founding of the Bitcoin Investment Trust. Silbert contributed greatly to the Bitcoin industry with this effort. It was such a great fund that was introduced in 2013 thereby helping investors be exposed to Bitcoin without having to buy as well as hold the digital currency themselves. Such helped legitimize Bitcoin as an investment and helped pave the way for the development of other Bitcoin investment vehicles.

Silbert has also been a vocal advocate for Bitcoin regulation. There is need for governments to regulate the cryptocurrency industry as a way to protect consumers thereby prevent fraud according to Silbert. However he also believes that excessive regulation can stifle innovation and hinder the growth of the industry. Silbert has therefore engaged with regulators to better grasp the potential advantages of crypto currencies. Regulations encouraging innovation and safeguarding customer interest have been developed with his help.

Next is being an advocate for Bitcoin scaling solutions. He has helped adopt with his backing Segregated Witness which is a scaling solution that expands the capacity of the Bitcoin network by segregating transaction data from signature data. Such helps boost the capacity of the Bitcoin network. This has been beneficial in the sense that it has assisted resolve some of the scalability challenges that Bitcoin has encountered.

The other one is he has been a strong proponent of Bitcoin as a store of value He thinks that the restricted supply and decentralized features of Bitcoin make it a compelling alternative to established reserves of value like gold. Additionally he has been outspoken in his criticism of flat currencies which he view as intrinsically prone to inflation and manipulable by the government.

The last contribution is being a strong supporter of Bitcoin education and adoption. Silbert has funded numerous initiatives to promote Bitccoin education like Bitcoin Education Project and Bitcoin Investment Trust. He has invested in companies working to make Bitcoin more accessible and user-friendly like Circle and Coinbase.