Jakarta, Pintu News – With inflationary pressures and trade tensions returning, Grayscale Research identifies an interesting opportunity in these conditions. In their latest report, Bitcoin is currently being compared to the state of gold in the 1970s: both are scarce and increasingly sought after as a hedge when the value of money is eroded by inflation.
Imagine living in an era where inflation is soaring, prices of basic necessities are rising, and savings are dwindling. Under these conditions, non-monetizable assets, such as Bitcoin (BTC) and gold, become very attractive.
Grayscale shows that the structure of the Bitcoin (BTC) market is currently experiencing a significant increase. One of the reasons for this is the policy shift in the United States, which is becoming more open to digital assets. In terms of regulation, recent government measures have also paved the way for institutional investment in crypto.
Read More: Market Volatility: Mantra Token Plummets 90% in an Hour, Here’s the Explanation
Grayscale is getting more aggressive in developing its products. On April 2, it introduced two new Bitcoin ETF products, namely the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). Both products not only focus on value appreciation but are also designed to generate income through options strategies. Solana-based ETF products are also not far behind.
Grayscale filed an ETF based on Solana (SOL) on April 4. Solana (SOL) is known as a network that has high transaction speeds and low fees, making it a strong candidate as an alternative to Bitcoin (BTC). This could be a strategic move by Grayscale to reach a wider market.
Grayscale has just closed a long chapter of its legal dispute with Osprey Funds. After two years of fighting over the promotion of Bitcoin ETFs, the two companies finally agreed to reconcile on April 11. Osprey had accused Grayscale of misleadingly promoting the conversion of Grayscale Bitcoin Trust (GBTC) into a spot ETF.
However, after the SEC approved the conversion in January 2024, both parties reached an agreement, and Osprey withdrew its appeal. The Bitcoin (BTC) market today is not the same as it was a decade ago. Institutional support is stronger, infrastructure is more mature, and regulation is catching up.
In the face of global economic uncertainty, Bitcoin (BTC) and gold are emerging as promising hedge assets. With increasingly strong support from institutions and innovative products from Grayscale, investors have more tools to secure and grow their wealth in these challenging times.
Also Read: Will the Ripple vs SEC Case Be Resolved Soon? Check out the Expert Review!
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.