#Gray-scale bullish on Bitcoin#
Hot Topic Overview
Overview
Grayscale remains bullish on Bitcoin, with its head of research Zach Pandl arguing that the price outlook remains "structurally bullish" despite recent headwinds from macroeconomic data. He noted that Bitcoin has been held back by a strong dollar, but that this setback could be temporary, with the outlook for Bitcoin remaining positive as the US presidential inauguration approaches. Grayscale believes that the valuation outlook for cryptocurrencies is structurally bullish.
Ace Hot Topic Analysis
Analysis
Grayscale Head of Research Zach Pandl recently said that despite recent headwinds in macroeconomic data, the outlook for Bitcoin prices remains "structurally bullish." He believes that Bitcoin prices are being held back by a strong dollar, which is rising due to 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 temporary pressure on Bitcoin prices. However, Pandl remains optimistic about Bitcoin's long-term prospects, arguing that this setback could be short-lived as the US presidential inauguration approaches. Grayscale believes that the upcoming US presidential inauguration could be a positive catalyst and expects the valuation outlook for Bitcoin to be structurally bullish.
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.