Grayscale Research Director: Despite Weak Jobs Data, Bitcoin Could Still Hit a New High in Q1

February 8th. Zach Pandl, the Director of Research at Grayscale, stated in an interview that Bitcoin might reach a new all-time high in the first quarter of 2025. On February 7th, U.S. officials announced that the country had added 143,000 new jobs in January, which was slightly lower than expectations. Pandl believes that the latest U.S. jobs report may "strengthen the expectation that the Federal Reserve will pause rate hikes for a while, but it is unlikely to lead to a significant revaluation." Pandl said: "Bitcoin is likely to withstand the latest jobs report. Bitcoin and other digital assets are benefiting from various policy-related tailwinds, including the progress of stablecoin legislation." Therefore, he expects "the cryptocurrency market to show a bullish tendency." He said: "As long as the stock market remains stable, Bitcoin may potentially reach a new high later this quarter."