Grayscale Research Managing Director: The outlook for the encryption market may depend on whether the U.S. economy can achieve a soft landing

Odaily Planet Daily News Zach Pandl, recently appointed as research managing director of cryptocurrency fund provider Grayscale Investments LLC and former Goldman Sachs strategist Zach Pandl, said that the outlook for the encryption market may depend on whether the US economy can achieve a soft landing. The scenario of low inflation and steady growth could help risk assets, including cryptocurrencies, by allowing the Federal Reserve to lower real interest rates, Pandl wrote in a note. But he said, “If the central bank decides to raise real interest rates further, or the monetary tightening so far pushes the economy into recession, the cryptocurrency recovery could pause in the short term.” (Bloomberg)