#Gray-scale bullish on Bitcoin#
Hot Topic Overview
Overview
The outlook for gray-scale Bitcoin remains positive, with its research director Zach Pandl believing that while recent macroeconomic data has faced headwinds, the strengthening dollar has put pressure on Bitcoin prices, this setback could be temporary, and the outlook for Bitcoin prices remains "structurally bullish." He believes that the upcoming US presidential inauguration could be a positive catalyst, adding that he still believes "the outlook for cryptocurrency valuations is structurally bullish."
Ace Hot Topic Analysis
Analysis
Zach Pandl, head of research at GreyScale, believes that the outlook for Bitcoin prices remains "structurally bullish" despite recent headwinds in macroeconomic data. He points out that Bitcoin prices have been held back by a strengthening dollar, which has been 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 temporary pressure on Bitcoin prices. However, Pandl believes this setback could be short-lived as the US presidential inauguration is approaching, which could be a positive catalyst. He adds that he still believes "the outlook for cryptocurrency valuations is 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 dollar, which is rising due to the Fed's more hawkish stance and tariff threats.
The US presidential inauguration could be a positive catalyst.
A strong jobs report reduced the likelihood of a Fed rate cut, further supporting the dollar and potentially putting pressure on Bitcoin prices for now.