Despite recent macroeconomic headwinds, Grayscale’s head of research, Zach Pandl, asserts that Bitcoin's price outlook is still structurally bullish. Following a positive US jobs report that pushed Bitcoin's price temporarily below $93,000, continued strength in the US dollar is attributed to hawkish Federal Reserve policies and tariff threats. Futures markets now suggest less than a 3% chance of rate cuts in January. Anticipating the US presidential inauguration, Grayscale believes the change in leadership could yield a favorable regulatory environment for crypto, with Donald Trump promising to support the industry. Predictions for 2025 point to an unprecedented regulatory backdrop driving institutional adoption, with Bitcoin ETFs expected to see substantial inflows, potentially boosting Bitcoin's price significantly. Analysts are optimistic about 2025 being a transformative year for crypto and Bitcoin specifically, with institutional interests likely to surge.

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