Grayscale’s research chief sees positive BTC outlook amid strong U.S. jobs report

Zach Pandl, Grayscale’s head of research, said in a Cointelegraph interview that although the robust U.S. jobs report for September might slow the pace of interest rate cuts, it remains a positive signal for Bitcoin. According to Pandl, investors are increasingly attracted to riskier assets amid ongoing discussions about Federal Reserve rate cuts and potential increases in government deficits alongside robust economic growth. This environment, Pandl notes, could reintroduce inflation risks in the medium term but is likely to boost investor risk appetite, which is expected to benefit Bitcoin. Previously, it was reported that U.S. nonfarm payrolls rose by 254,000 in September, surpassing the expected increase of 147,000. The unemployment rate was 4.1%, lower than the anticipated 4.2%.