Grayscale Investments Research Head Zach Pandl recently expressed confidence in Bitcoin’s price trajectory, asserting that the need for a strategic reserve from the United States is unwarranted for further appreciation this year. Pandl posits that the driving force behind Bitcoin’s value increase will primarily stem from growing adoption rates and its evolving role as a store of value. This sentiment aligns with rising concerns surrounding inflation, especially given the potential implications of Trump’s tariff policies. Despite these insights, it is noteworthy that Bitcoin has been correlating closely with traditional risk assets in recent trading sessions. Observers in the financial sector should monitor these dynamics as they could significantly influence Bitcoin’s market performance and overall investment attractiveness.
Source: https://en.coinotag.com/breakingnews/grayscales-zach-pandl-predicts-bitcoins-rise-as-a-store-of-value-amid-inflation-concerns/