“Despite temporary macroeconomic setbacks, the long-term prospects remain positive,” said Grayscale’s Director of Research, Zach Pandl. According to him, the strengthening dollar, driven by the Federal Reserve’s hawkish stance and a strong U.S. jobs report, has temporarily pressured Bitcoin’s price, which fell below $93,000 on January 10. The U.S. Dollar Index (DXY) rose by 0.5%, while the likelihood of interest rate cuts in January was less than 3%, according to CME FedWatch data.

Pandl noted that President Donald Trump’s inauguration on January 20 could act as a catalyst for the market. The new administration is expected to introduce more favorable regulations for the crypto industry. Trump previously promised to turn the U.S. into the “world’s crypto capital” by appointing regulators supportive of cryptocurrency development.

Analysts at Steno Research are confident that 2025 will be a record-breaking year for Bitcoin due to an unprecedentedly favorable regulatory environment. Among promising assets, Grayscale highlights XRP, which has already shown significant growth in recent months.

In addition, in November 2024, U.S. Bitcoin ETFs surpassed $100 billion in assets, and this figure is expected to grow by another $48 billion in 2025. Swiss bank Sygnum also confirms that institutional demand will continue to drive Bitcoin prices higher.

Pandl concluded, “We remain structurally bullish on Bitcoin. Regulatory changes, institutional adoption, and growing demand provide a strong foundation for future growth.”