Grayscale Research Director: Short term Hopeless Fed Rate Cuts, Bitcoin Under Pressure

According to BlockBeats, on February 14th, Zach Pandl, the head of research at Grayscale, stated in an interview that "it is temporarily impossible for the Federal Reserve to cut interest rates He pointed out that in the short term, this is unfavorable for risky assets such as Bitcoin, as the market is further digesting the expectation of the Federal Reserve delaying interest rate cuts. Pandl believes that the January CPI data exceeded expectations (up 3% year-on-year), and core inflation also rose to 3.3%, indicating that inflation remains stubborn. Pandl also warned that if inflation continues to exceed expectations, the Federal Reserve may even reconsider raising interest rates, which will have a greater impact on market sentiment.