| Mobile Web

Grayscale says bitcoin adoption trend remains intact despite price drop

Bitcoin has weakened recently, but its medium- and long-term adoption trend remains intact, an analysis said. Grayscale said structural drivers behind bitcoin adoption have not changed much despite short-term price swings. It cited rising U.S. government debt, broader use of stablecoins and tokenization, and expectations that financial intermediaries will gain greater access. It also pointed to younger investors’ preference for digital assets and growing use of ETPs.