#Gray-scale bullish on Bitcoin#
Hot Topic Overview
Overview
Grayscale remains bullish on Bitcoin's outlook, despite some headwinds from recent macroeconomic data. Zach Pandl, head of research at Grayscale, said that while the strengthening dollar has put pressure on Bitcoin prices, this setback could be temporary as the US presidential inauguration is approaching, which is expected to be a positive catalyst. He still believes that the cryptocurrency valuation outlook is structurally bullish.
Ace Hot Topic Analysis
Analysis
Grayscale remains structurally bullish on Bitcoin's outlook, despite some recent headwinds from macroeconomic data. Zach Pandl, head of research at Grayscale, believes that Bitcoin prices have been suppressed by the strengthening dollar, which has been driven by the Fed'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 confident that this setback is temporary and emphasizes that Bitcoin's outlook remains structurally bullish as the US presidential inauguration approaches. He believes that the outlook for cryptocurrency valuations is structurally bullish and that the upcoming US presidential inauguration could be a positive catalyst.
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.