Lower-than-expected core inflation in the US could be an opportunity for BTC to retest all-time highs, according to Grayscale's Zach Pandl. 📈

- BLS reports July CPI rose 2.9% - lowest since 2021.

- Pandl: "This could allow the Fed to cut rates, creating room for BTC to rally."

- Markets expect the Fed to cut rates by at least 0.25% in September.

BTC reacted mildly, rallying to nearly $62,000 before falling more than 3% in the next hour. The crypto market has recovered from a sharp 18% drop on August 5.

Grayscale now manages over $25 billion in crypto assets. What do you think about the future of BTC? Comment below! 💬