Grayscale: Bitcoin is a digital alternative to physical gold
Grayscale stated on X platform that Bitcoin is a digital substitute for physical gold. Bitcoin benefits from some of the factors that push up gold prices, such as a decrease in real interest rates. Grayscale analysts believe that the Fed's increase in real interest rates may suppress the price of Bitcoin, while interest rate cuts may help valuation rebound. Any signs indicating that interest rate cuts may begin relatively early next year could support the price of Bitcoin.
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.
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