Grayscale stated in a report, "As US inflationary pressures rise again, the Federal Reserve (Fed) is highly likely to maintain its high-interest rate policy for the time being. As a result, BTC's upward momentum may slow down." It continued, "While this could be a burden for non-interest-bearing assets like Bitcoin (BTC) and gold, regulatory improvements such as the CLARITY Act could partially offset this. On the other hand, the profitability of stablecoin issuers could improve, with Circle's (USDC) annual revenue increasing by approximately $190 million for every 25bp rise in short-term interest rates."
