TechFlow news: Grayscale's Research Director Zach Pandl stated that store-of-value assets like Bitcoin will continue to be in demand due to the U.S. government's ongoing excessive spending and high interest rates.
Pandl believes that with inflation persistently rising, the Federal Reserve is unlikely to cut interest rates immediately. However, upcoming events such as the Bitcoin halving, along with economic growth and increased cryptocurrency adoption, will drive Bitcoin's price higher.
Pandl also noted that while rising real interest rates pose a short-term negative impact on cryptocurrencies, long-term demand for store-of-value assets will remain strong.
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