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
Buffett will release his farewell letter on November 10 local time.
Trump: Anyone who opposes tariffs is a fool, and the U.S. will soon be able to repay its massive national debt.
The decentralized contract exchange Sun Wukong gained over 2,000 new users in a single day.
