On January 11, according to Cointelegraph, Grayscale's research director Zach Pandl said that despite temporary resistance in macroeconomic data, the BTC price outlook is still "structurally bullish." "Bitcoin appears to be restrained by the strength of the US dollar, which is rising due to the Federal Reserve's adoption of a more hawkish policy and tariff threats," he added. "Today's strong employment report lowers the possibility of a Fed rate cut, further supporting the dollar and potentially putting pressure on Bitcoin prices temporarily." In addition, he said: "However, with the upcoming inauguration ceremony of the US president, this setback may be temporary." He added that he still believes that "the outlook for cryptocurrency valuation is structurally bullish."
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Grayscale Research Director: Bitcoin Price Outlook Remains “Structurally Bullish”
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