PANews, July 23 — Grayscale's research head Zach Pandl wrote that Bitcoin's bear market bottom may have already formed. He believes Bitcoin has 'matured' into a macro asset, with its price driven by macro factors like real interest rates and economic growth, rather than the four-year halving cycle. Historically, Bitcoin bear markets have coincided with slower economic growth and rising real interest rates, and the current macro backdrop is similar. If the Fed stops raising rates and the economy stays strong, Bitcoin's price might have already hit bottom.
