Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale

Bitcoin may prove resilient despite the Federal Reserve’s latest interest-rate increase, according to Grayscale. The central bank raised rates on Wednesday and could deliver another hike later this year, but the digital asset’s price is unlikely to be significantly affected, the investment firm argued. The view was reported by Bitcoin Magazine in an article written by Mathew Di Salvo. The report focuses on Bitcoin’s potential response to tighter monetary policy, without providing a specific price target or detailing the size of the Federal Reserve’s move. Bitcoin is among the crypto assets covered by the report. The Federal Reserve’s policy path remains relevant to market participants because a further increase is possible before the end of the year, according to the source. Grayscale’s assessment indicates that the rate decision alone may not weigh materially on Bitcoin’s price.