Grayscale Research Director: Bitcoin Could Hit New Highs in Q1 Despite Disappointing Job Data

Odaily News Despite slower-than-expected U.S. hiring in January, Grayscale’s head of research Zach Pandl said BTC could hit a new all-time high in the first quarter of 2025.
On February 7, U.S. officials said the country's economy added 143,000 jobs in January, slightly lower than expected. Pandl said: "Bitcoin is likely to take the latest employment report in stride. Bitcoin and other digital assets are benefiting from a variety of policy-related tailwinds, including progress in stablecoin legislation." Therefore, he expects "the cryptocurrency market to show a bullish bias." He said: "As long as the stock market remains stable, Bitcoin may hit new highs later this quarter." (Cointelegraph)