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CryptoIntelligence 2024-04-14 18:55:31

Persistent Inflation and Upcoming Bitcoin Halving Fuel Demand for Cryptocurrencies, Says Grayscale

Persistent Inflation and Upcoming Bitcoin Halving Fuel Demand for Cryptocurrencies, Says Grayscale

As inflation persists and government deficits remain unsustainable, store of value assets like Bitcoin continue to gain traction, according to Zach Pandl, Grayscale’s managing director of research. Pandl highlighted to Cointelegraph the correlation between ongoing fiscal pressures and the appeal of cryptocurrencies. “We expect persistent inflation and unsustainable budget deficits to contribute to continued demand for store of value assets, like Bitcoin,” he explained. The economic landscape, marked by high inflation rates, means that the Federal Reserve is unlikely to lower interest rates in the near future, Pandl suggested. Despite this, he remains optimistic about the future of cryptocurrencies, pointing

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