Reported 2 days ago
Grayscale's Director of Research, Zach Pandl, reassures investors amid a Bitcoin selloff, stating there's no reason to panic. He highlights a supportive macroeconomic backdrop, including easing rates from central banks and growing adoption trends driven by Bitcoin ETFs. Pandl notes that while Bitcoin faces short-term volatility, its integration into the global financial system positions it well for future growth, emphasizing the potential for altcoins to outperform in this cycle. He also anticipates significant regulatory changes in the U.S. that could benefit institutional adoption of crypto, maintaining that the fundamental growth drivers for the industry remain strong.
Source: YAHOO