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Zach Pandl, the head of research at Grayscale, believes that Bitcoin is "tamed by the strength of the US dollar," but he expects this retreat to be short-lived as the presidential inauguration in the United States approaches. As a result, Pandl maintains an optimistic outlook. However, not everyone shares this bullish sentiment in the short term. Willy Woo states that while Bitcoin sentiment appears "unprecedentedly bullish," a "cautious approach" is essential.

Zach Pandl sees Bitcoin's dip tied to a strong US dollar, expecting a recovery near the US presidential inauguration. Willy Woo advises caution despite optimism.

Zach Pandl believes that Bitcoin is affected by the strength of the US dollar, which is rising due to the Fed's tightening policies and the threat of tariffs. It also reduces the likelihood of a Fed rate cut, bolsters the dollar and may temporarily put pressure on the price of Bitcoin.