Grayscale stated in a report, "As US inflationary pressures rise again, the Federal Reserve (Fed) is likely to maintain a high-interest rate policy for the time being. This could slow down BTC's upward momentum." It further explained, "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. Conversely, 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."
