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
Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Fake ‘Investment Education’ Crypto Scams Are Exploding—Regulator Issues Dire Warning
Crypto Podcaster Busted in Vegas After $2M Scam—A Fugitive’s Last Gamble
24 Ways Crypto Investors Are Being Hunted by Cybercriminals—Wallets Drained at Record Speed
Trending news
MoreCrypto prices
More








