- Jack Pandle, head of research at Grayscale, stated that the current weakness in Bitcoin will not last long.
- He mentioned that the reduced possibility of a rate cut by the Federal Reserve could temporarily burden Bitcoin's price.
- Steno Research predicted that this year will be the best year in the history of virtual assets.
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Jack Pandle, head of research at Grayscale, believes that the current weakness in Bitcoin (BTC) will not last long.
On the 10th (local time), Pandle stated in an interview with Cointelegraph that "the stronger-than-expected U.S. job data announced overnight could temporarily burden Bitcoin's price as it reduces the possibility of a rate cut by the Federal Reserve (Fed)."
He added, "With Donald Trump's inauguration just around the corner, this phenomenon won't last long," and assessed that "the structural bullish evaluation of virtual assets remains intact."
Another research firm, Steno Research, predicted that this year will be the best year in the history of virtual assets, analyzing that Bitcoin will once again reach an all-time high, driven by increased institutional adoption.
Meanwhile, Bitcoin is trading at around $94,300 on the Binance Tether (USDT) market, up about 1.5% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
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