Grayscale Suggests Bitcoin Could Rise if Fed Postpones Rate Hike Amid Iran Conflict

BTC-0.30%
According to Grayscale research head Zach Pandl, the Federal Reserve kept interest rates stable at 3.50-3.75 percent at its first Federal Open Market Committee meeting under new Chairman Kevin Warsh last week. Grayscale suggested that if the Fed postpones potential interest rate hikes, Bitcoin could close the performance gap with US stocks. Since the US-Iran conflict began in late February, US stocks have risen 9 percent, while Bitcoin has declined 1 percent and gold has dropped 20 percent, a difference Pandl attributed to market expectations of potential Fed rate increases.
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