Grayscale's Head of Research: Bullish on Bitcoin from a Macro Perspective
Bitcoin's dominance in the cryptocurrency market has recently declined, but analysts point out that this does not necessarily mean an "altcoin season" is imminent. Grayscale's Head of Research, Zach Pandl, stated that Bitcoin's dominance might increase when the market focuses on macroeconomic instability and risks facing the dollar; however, when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decrease. Zach Pandl added that from a macro perspective, he remains bullish on Bitcoin; while from the standpoint of technological development and user adoption, he is also optimistic about altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

NFT Trading Volume Increases by 17.16% to $130.7 Million Over the Past Week
Analyst: Moody's Downgrades US Credit Rating, Crypto Assets Become Safe Haven
BlackRock IBIT's Current Holdings Exceed 630,000 Bitcoins
Trending news
MoreCrypto prices
More








