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
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish

