Bitcoin’s outlook is seen as structurally bullish despite macroeconomic challenges. A strong US jobs report recently caused Bitcoin’s price to dip below 93,000 USD due to an increased US dollar. According to Grayscale, the macroeconomic environment may temporarily impact Bitcoin’s price, but structural bullish trends remain visible with significant institutional interest.

Political developments in the US, particularly the impact of Donald Trump’s election win, are anticipated to result in favorable conditions for cryptocurrencies. The upcoming US presidential inauguration is expected to act as a positive catalyst for the crypto market, potentially leading to pro-crypto policies and better regulations that support Bitcoin’s growth.

Looking forward to 2025, institutional adoption of cryptocurrencies is expected to break new ground, driven by favorable regulations. The year is projected to witness BTC reaching new all-time highs, bolstered by increasing investments in Bitcoin ETFs, which have already achieved record net assets, signaling a continued bullish trajectory for Bitcoin.