Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale

According to Bitcoin Magazine, asset manager Grayscale argued that bitcoin's price is unlikely to be hurt by the Federal Reserve's recent interest rate hike. The Federal Reserve hiked interest rates for the first time since 2023 on Wednesday, causing the bitcoin price to briefly fluctuate before settling up a modest 1% over a 24-hour period.

Zach Pandl, head of research at Grayscale, wrote in a Thursday note that the move was a mid-cycle adjustment rather than a cyclical change, and doubted that expected rate hikes for 2026 would lead to major capital allocation changes. Pandl compared the situation to 1997, when a one-off Federal Reserve hike occurred while the Nasdaq continued moving higher. Previously, Federal Reserve rate increases in 2022 weighed on bitcoin's price by raising the opportunity cost of holding non-interest-bearing assets.

Bitcoin's price recently stood near $76,581, reflecting an 18% increase over 30 days. Meanwhile, Federal Reserve Chair Kevin Warsh stated the central bank is focused on lowering inflation, and U.S. President Donald Trump has expressed a desire for lower interest rates.