Grayscale says that the devaluation of the Tau currency ($TAO ) could raise its price.

TAOUSDT

Perp

306.95

+2.66%

BTCUSDT

Perp

90,316

-1.35%

Grayscale's analyst expects that the devaluation of Bittensor will reduce supply and increase the value of Tau #TAO .

He points out that previous Bitcoin devaluation cycles $BTC have boosted Bitcoin's value, and that Tau (#TAO ) may follow a similar reaction.