Fed Policy Tipped to Decide Bitcoin Bear Market Duration
Grayscale has weighed in on the current state of Bitcoin's market performance. According to the company, Federal Reserve policy could be the deciding factor in whether or not the bear market ends soon.
In a recent discussion on 24/7 CRYPTOCURRENCY WORLD NEWS, Grayscale mentioned that if the Fed continues its expansionary policies, it could lead to increased inflation and subsequent devaluation of traditional assets.
This, in turn, might boost Bitcoin's value as investors seek refuge in cryptocurrencies. However, if the Fed takes a more hawkish stance, cutting interest rates or implementing tighter monetary policy, it could prolong the bear market.