In an article published in the Upstate Business Journal, Greenville partner and head of the Financial Institutions Corporate and Regulatory Practice Neil Grayson weighs in on the rising popularity of cryptocurrencies. The article "Dogecoin … Bitcoin … what’s an investor to do?" discusses the gray area of cryptocurrency investment. 

“Bitcoins and other cryptocurrencies, like Ether and Dogecoin, are digital currencies and Bitcoin is the most popular cryptocurrency,” Grayson said. Cryptocurrency can be potential replacements for the U.S. dollar and other fiat currencies, but Grayson says to proceed with caution. "Neither Bitcoin nor any other cryptocurrency is anywhere close to having a stable valuation yet, so they are all still very speculative investments," he said. "Their current valuations are driven more by emotion rather than rational analysis.”

Grayson primarily represents financial institutions, FinTech companies, and alternative financial services companies. He handles securities offerings, M&A, corporate governance matters, and regulatory matters. Grayson is particularly involved in the development of innovative financial products, including income share agreements and pay-for-success programs.

Upstate Business Journal is a Greenville-based business magazine that features news in economic development, finance, government, healthcare, infrastructure, management, manufacturing, real estate, retail, hospitality, technology, and more.

To read the full article, click here.