Digital asset management company Grayscale shared the steps that need to be taken for a recovery in the Bitcoin price. Continue Reading: Grayscale Has ProvidedDigital asset management company Grayscale shared the steps that need to be taken for a recovery in the Bitcoin price. Continue Reading: Grayscale Has Provided

Grayscale Has Provided the “Recipe” Needed for Bitcoin’s Recovery

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Grayscale Research Head Zach Pandl said that Strategy’s 50 basis point increase in the STRC dividend next week may not be enough to restore market confidence.

According to Pandl, such an increase would raise the company’s dividend obligations by approximately $100 million over the next two years. However, this step is not expected to significantly improve investor confidence.

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Pandl stated that a more effective step to restore market confidence might be for Strategy to sell over $3 billion worth of Bitcoin. He noted that this sale would be enough to cover almost all of the cash liabilities the company will face over the next two years.

Pandl stated the following in his assessment:

*This is not investment advice.

Continue Reading: Grayscale Has Provided the “Recipe” Needed for Bitcoin’s Recovery

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