b'One persons something else is another persons cryptocurrency. Heres how Grayscale Investment Funds TV ad put it, to the 1976 Ramones punk rock song Blitzkrieg Bop: Before money, people traded goods, cattle, grain. Even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon, people decided to put all that value into a piece of paper. Then proceeded to say goodbye to value, printing unlimited amounts of money, as they passed the buck to the future. Thats why its time for digital currency.A week after this ad debuted in August of this year, a few hundred million dollars had flowed into the fund, on the way to a billion-dollar influx for the third quarter. Clearly, there is demand for something else. But is bitcoin really any less buck-passing than paper currency? A press release stated: Grayscale provides opportunities for investors to gain exposure to digital currencies through its family of investment products that offer investors exposure to the digital currency asset class without the challenges of buying, storing, or safekeeping crypto-currency directly. Seems like a way to get some financial exposure to something else while keeping your distance, while still giving the Invisible Hand its/his due. A diversified portfolio of something else with plenty of good, old-fashioned anonymity, financial intermediation, layers of fees and speculative risk. OK. Beetcoin isnt coming all the way to the rescue. But it has muchto offer. 12'