According to a report by Cointelegraph on February 8th, despite the slower-than-expected pace of hiring in the United States in January, Zach Pandl, head of Grayscale Research, said in an interview that Bitcoin could possibly reach a new all-time high in the first quarter of 2025. On February 7th, US officials announced that the country added 143,000 new jobs in January, slightly lower than expected.

Pandl believes that the latest employment report from the US may "strengthen the expectation that the Federal Reserve will pause its interest rate hikes for a while, but is unlikely to lead to substantial repricing." Pandl said: "Bitcoin may be able to handle the latest employment report with ease. Bitcoin and other digital assets are benefiting from various policy-related tailwinds, including progress in stablecoin legislation." Therefore, he expects that "the cryptocurrency market will show a bullish trend." He said: "As long as the stock market remains stable, Bitcoin may reach a new high later this quarter."