Key facts
- Grayscale believes Bitcoin's price will not be significantly impacted by the Federal Reserve's interest rate hike.
- The asset manager noted that Bitcoin has historically shown resilience to interest rate changes.
- The Federal Reserve raised interest rates on Wednesday and may implement further hikes this year.
The Federal Reserve increased interest rates on Wednesday, with the possibility of further hikes this year. However, Grayscale, an asset manager, stated that Bitcoin's price is unlikely to be significantly affected by these monetary policy decisions. The firm pointed to Bitcoin's historical performance, suggesting it has demonstrated resilience to such macroeconomic shifts.