Fed Policy Expectations Drive Divergence Across Ma
#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Fed Policy Expectations Drive Divergence Across Markets
Grayscale Investments is tying bitcoin's lag behind equities to a repricing of Federal Reserve policy, arguing that bitcoin could narrow the performance gap with stocks if the Fed holds off on rate hikes. In a June 22 research note, the crypto asset manager said changing rate expectations have contributed to the divergence between equities, bitcoin, and gold.
U.S. equities have gained 9% since the start of the Iran war in late February, supported in part by sustained spending tied to artificial intelligence infrastructure and development, Grayscale detailed. Over the same period, bitcoin has fallen 1%, while gold has dropped 20%, creating one of the widest performance gaps among major macro assets.
Grayscale Investments Head of Research Zach Pandl said:
"Our base case
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