Crypto market stable, digital gold bucks rising interest rates 👐 👐
Interestingly, although DCG is still mired in litigation disputes with various counterparties, Greyscale Trust’s long-term net value discount has been significantly corrected in the past month thanks to various spot ETF applications, and the current discount level has returned to 3AC /Post-Celsius and pre-FTX levels. On the other hand, in terms of the BTC = digital gold argument, public gold ETF holdings have been steadily declining since 2020 on the back of rising interest rates, a trend that is likely to continue as long as central banks remain hawkish. Continue; current interest rates continue to rise, which may have some impact on the long-term trend of cryptocurrency prices.
