Grayscale Research Head Reaffirms $58,000 Bitcoin Floor, Advises Client Allocation

Grayscale Research Head Zach Pandl stated that the $58,000 low reached around June 30 remains his assessment of the current bear market floor. Pandl noted that Grayscale is currently advising clients to allocate to Bitcoin, citing that their three-part framework—long-term structural trends, market cycle stages, and macroeconomic context—has been satisfied. This view aligns with comments from Coinbase CEO Brian Armstrong, who recently suggested the current cycle has bottomed. Additionally, Pandl discussed Zcash (ZEC), noting it occupies an under-explored design space regarding privacy as AI technology advances.