Grayscale executives: Given the current high inflation rate, the Fed is unlikely to lower interest rates in the near future
Zach Pandl, Managing Director of Grayscale Research, stated in an interview that due to continued overspending and high interest rates by the US government, assets that store value such as Bitcoin will continue to be popular. We expect continued inflation and unsustainable budget deficits to drive demand for value storage assets (such as Bitcoin) to continue to grow. Given the current high inflation rate, the Federal Reserve is unlikely to lower interest rates in the near future. However, upcoming events such as the Bitcoin halving scheduled for April 20, as well as accelerated economic growth and increased adoption of cryptocurrencies, will drive up the price of Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana Surges as TON Stabilizes: Critical Trading Levels for January
Shiba Inu Defies Market Swings, Maintains Critical Support Level
NFT trading volume fell by about 50% in the past week
Tokenized U.S. Treasury Bond Market Reaches $4 Billion