Grayscale's chief investment strategist Zach Pandl is maintaining his outlook that bitcoin's price bottomed at around $58,000. This optimistic assessment comes as the firm gives its clients a 'green light' to allocate to the cryptocurrency. The $58,000 price level was reached in June 2022, amidst a significant market downturn. Pandl's confidence in this price level as the bottom is a key factor in Grayscale's investment strategy.
Source
"Grayscale's Pandl Remains Optimistic on Bitcoin Bottom" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
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