Grayscale: If the U.S. economy achieves a soft landing, Bitcoin still has the potential to reach new highs this year

Bitget App

Trade smarter

Bitget2024/08/09 07:16

The team at Grayscale Research recently stated that if the U.S. economy can avoid a recession and continue on a "soft landing" path, Grayscale Research predicts that cryptocurrency valuations will rebound, with Bitcoin retesting its historical highs later this year. However, even in a weaker economic environment, Grayscale Research believes that the downside risk of prices may be more limited than before.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indexes collectively rising for the fifth consecutive trading day.

Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions