#Gray-scale bullish on Bitcoin#
Hot Topic Overview
Overview
Zach Pandl, head of research at GreyScale, recently said that while recent macroeconomic data has put some pressure on the price of Bitcoin, such as a strong jobs report that reduced the likelihood of a Fed rate cut, leading to a stronger dollar, the price outlook for Bitcoin remains "structurally bullish." He believes that this pressure may be temporary and that the price of Bitcoin could rebound as the US presidential inauguration approaches. He remains optimistic about the prospects for cryptocurrency valuations.
Ace Hot Topic Analysis
Analysis
Zach Pandl, head of research at GreyScale, recently stated that the outlook for Bitcoin prices remains "structurally bullish" despite near-term headwinds in macroeconomic data. He believes that Bitcoin prices have been recently suppressed by the strength of the US dollar, 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 believes this setback could be temporary, and the outlook for Bitcoin prices remains bullish as the US presidential inauguration approaches. He emphasized 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 is being held back by a stronger dollar, which is rising due to 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.
This setback could be short-lived as the US presidential inauguration approaches.