Bullish

According to Foresight News, Grayscale has expressed on platform X that if the federal debt stock significantly increases in the coming years, overseas investors may lose interest in US government bonds. They may begin to shift from the US dollar to other currencies, such as Bitcoin. Bitcoin can be considered a macro asset, an alternative currency system, and a 'store of value' competing with the US dollar.

Grayscale believes that the potential decrease in interest for US government bonds could lead to investors seeking alternative assets like Bitcoin. As a macro asset, Bitcoin offers a different currency system and store of value that could attract investors looking for options outside of the traditional US dollar-backed investments.