Grayscale: If the U.S. economy achieves a soft landing, Bitcoin still has the potential to reach new highs this year
The team at Grayscale Research recently stated that if the U.S. economy can avoid a recession and continue on a "soft landing" path, Grayscale Research predicts that cryptocurrency valuations will rebound, with Bitcoin retesting its historical highs later this year. However, even in a weaker economic environment, Grayscale Research believes that the downside risk of prices may be more limited than before.
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
U.S. Treasury Yields, Dollar Little Changed Ahead of Fed's Likely Rate Hike -- Market Talk
Market Chatter: Amazon Plans 1,000+ Same-Day Facilities by 2031
Update: Goldman Sachs's Alternatives Unit Raises $11.7 Billion
Brookfield to Acquire Plumbing Manufacturer Reliance Worldwide