Grayscale's research indicates Bitcoin may hit new all-time highs in Q1 2025 despite slower US job growth.
Sluggish US Jobs Print
On February 7, US officials announced that the economy added 143,000 jobs in January, slightly below forecasts. Nevertheless, Grayscale's Zach Pandl suggests Bitcoin could take this report in stride.
Stablecoin Bill Progress
Two US congresspeople released a draft bill that would establish a regulatory framework for dollar-pegged stablecoins. The legislation also imposes a two-year halt on the issuance of stablecoins backed by self-issued digital assets.
Confidence in Crypto Market Dynamics
Pandl expects crypto markets to trade with a bullish bias. Bitcoin and other digital assets benefit from several policy-related factors, including stablecoin legislation progress.
Grayscale experts suggest that despite the sluggish US job growth, Bitcoin has the potential to hit new highs in Q1 2025, aided by favorable policy factors.
