According to Zach Pandl, director of research at Grayscale Investments, a convincing scenario of low inflation and stable growth of the US economy could have a positive impact on the growth of cryptocurrency market capitalization, the cost of bitcoin and other crypto assets, since the US Federal Reserve there will be room for maneuver and lower real interest rates.
“Otherwise, the regulator will be forced to raise borrowing rates even more, tightening monetary policy will lead the economy into a recession, and the cryptocurrency recovery may be stalled,” Pandl said.
He expects the Fed’s aggressive monetary tightening campaign to be close to completion and price pressure from the regulator to ease.
According to the results of the first half of the trading session, on August 2, BTC added more than 1% and at the moment exceeded the level of $29,600. increased by 1.25% to $1.18 trillion, which offset the fall in the previous period.
Earlier, a popular cryptocurrency analyst under the pseudonym TechDev shared with the crypto community an assumption about the future large-scale growth of bitcoin in the coming months if the economic cycle of the traditional financial market continues to be positive.
Source: Bits
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