Bitcoin could reach new all-time highs in Q1 2025, according to Grayscale’s head of research, Zach Pandl, despite a disappointing jobs report showing only 143,000 jobs added in January. This figure was below the expected 169,000, but Pandl noted that Bitcoin is likely to remain unaffected by the jobs report. He highlighted that the slower hiring could lead the Federal Reserve to maintain interest rates, with a mere 8.5% chance of a rate cut anticipated in March. Additionally, Bitcoin and other digital assets may benefit from favorable policy developments, including progress on stablecoin legislation. A proposed bill aims to establish a regulatory framework for dollar-pegged payment stablecoins, which could further enhance positive sentiment in the crypto market. With stable equity markets, Bitcoin is positioned for a bullish trend, possibly leading to new highs later this quarter.

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