Grayscale’s Zach Pandl says the cryptocurrency market is in good stead as we head into 2025, especially given the current macro and political backdrop. “This has been an excellent year not only for cryptocurrencies, but for many,” the firm’s managing director of research told CNBC’s Tanaya Macheel during a special discussion at Pro Talk open to all readers. The same is true for other assets. “This is mainly because the economy has avoided recession…The Fed is still cutting interest rates despite good economic results. This macroeconomic environment will be beneficial to Bitcoin.” Bitcoin in 2024 It had a record year, soaring more than 100% and breaking $100,000 for the first time. The launch of a spot Bitcoin ETF in the wake of Donald Trump’s re-election has also boosted the flagship digital currency. Trump took a more crypto-friendly stance during the campaign, garnering support from the industry and expectations of looser regulations on cryptocurrency investments. “It’s now a mainstream asset in many types of portfolios because of ETFs,” Pandl said. “Now officials in the White House setting regulatory policy will be discussing this issue on a regular basis. So it’s here to stay.” (Professional subscribers can check in at Watch the full interview here. ) Subscribe to CNBC PRO for exclusive insights and analysis, plus live weekday programming from around the world.
Grayscale’s Zach Pandl reveals how politics and economics are driving Bitcoin bull run | Real Time Headlines
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