Grayscale Warns Inflation Could Delay Crypto Value Rise

Amid a robust February that saw Bitcoin surge by 45% and break the $60,000 barrier for the first time since November 2021, Grayscale, a leading cryptocurrency asset manager, has issued a cautionary note. Analysts at Grayscale pinpoint macroeconomic factors, especially the specter of persistent inflation and the subsequent impact on Federal Reserve policy, as potential barriers to the continued appreciation of cryptocurrency values.