“Bitcoin is not immune to macroeconomic factors,” says Andrei Grachev, managing partner at DWF Labs, a Web 3.0 investor based in Zug, Switzerland. “Ongoing factors like the Federal Reserve’s decision on interest rates have affected market confidence greatly, and market uncertainty means investors will turn to low-risk assets. Unfortunately, bitcoin is still seen as a newer, volatile asset to be a hedge, but I think Bitcoin is still going to be a highly profitable asset for middle and long-term investors.”
