Grey release head of research: bitcoin price outlook remains "structurally bullish"
2025-01-11 02:11:45
11 message cointelegraph report grayscale research supervisor zachpandldesk3cryptocurrencydesktopCrypto News
On January 11, according to Cointelegraph, Zach Pandl, head of research at Grayscale, said that despite the temporary headwinds in macroeconomic data, the BTC price outlook remains "structurally bullish". "Bitcoin appears to be subdued by the strength of the U.S. dollar, which is rising due to the more hawkish policy adopted by the Federal Reserve as well as the threat of tariffs." He added: "Today's strong jobs report reduces the likelihood of a rate cut by the Federal Reserve, further supporting the dollar and may temporarily weigh on the bitcoin price." Furthermore, he said: "The setback may be short-lived, though, with the U.S. presidential inauguration just around the corner." He added that he still sees "the outlook for cryptocurrency valuations as structurally bullish".
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