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

ChainCatcher news, according to Bloomberg, the new research managing director of the cryptocurrency asset management company Grayscale Investments, former Goldman Sachs strategist Zach Pandl, believes that if the U.S. economy can achieve a soft landing, there may still be room for a rebound in the cryptocurrency market this year.

In a report, Pandl wrote that low inflation and stable growth could help risk assets, including cryptocurrencies, by allowing the Federal Reserve to lower real interest rates. However, he stated, "If the central bank decides to further raise real interest rates, or if the monetary tightening policies so far lead the economy into recession, then the recovery of cryptocurrencies may pause in the short term."