Bitcoin's price outlook remains bullish despite recent macroeconomic challenges, according to Grayscale's head of research, Zach Pandl. A strong US jobs report has temporarily pressured BTC below $93,000, influenced by a rising US dollar and reduced expectations for interest rate cuts. However, with the upcoming US presidential inauguration and a favorable regulatory environment anticipated, analysts predict significant institutional adoption and potential price surges for Bitcoin in 2025. US Bitcoin ETFs surpassed $100 billion in net assets in November, with expectations of an additional $48 billion inflow in 2025, potentially leading to demand shocks that could elevate BTC prices significantly.