#Gray-scale bullish on Bitcoin#
Hot Topic Overview
Overview
Grayscale remains bullish on Bitcoin's outlook, with its head of research Zach Pandl arguing that while recent macroeconomic data has presented headwinds and a stronger dollar has put pressure on Bitcoin prices, the price outlook remains "structurally bullish." He said that a strong jobs report has reduced the likelihood of a Fed rate cut, further supporting the dollar, but that this pressure may be temporary and the upcoming US presidential inauguration could be a positive catalyst. Grayscale believes that the valuation outlook for cryptocurrencies is structurally bullish.
Ace Hot Topic Analysis
Analysis
Grayscale's Head of Research Zach Pandl recently stated that despite near-term headwinds in macroeconomic data, the outlook for Bitcoin prices remains "structurally bullish." He believes that Bitcoin has been recently suppressed by the strengthening dollar, which is being driven by the Federal Reserve's more hawkish stance and tariff threats. A strong jobs report has reduced the likelihood of a Fed rate cut, further supporting the dollar and potentially putting near-term pressure on Bitcoin prices. However, Pandl remains optimistic about Bitcoin's long-term prospects, suggesting that this setback could be temporary as the US presidential inauguration approaches, and the outlook for cryptocurrency valuations is structurally bullish. Grayscale, as one of the world's largest digital asset management firms, its bullish stance on Bitcoin also reflects the market's long-term confidence in the asset.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Despite macroeconomic data facing headwinds for now, the Bitcoin price outlook remains "structurally bullish",
Bitcoin appears to be held back by the strengthening US dollar, which is rising due to the Fed's more hawkish stance and tariff threats.
The upcoming US presidential inauguration could be a positive catalyst.
A strong jobs report has reduced the likelihood of a Fed rate cut, further supporting the dollar and potentially putting pressure on Bitcoin prices for now.