PANews reported on February 8 that according to Cointelegraph, although the pace of US hiring in January was lower than expected, Grayscale Research Director Zach Pandl said in an interview that Bitcoin has the potential to hit a record high in the first quarter of 2025. On February 7, US officials said the country added 143,000 jobs in January, slightly lower than expected.

Pandl believes that the latest U.S. jobs report may "reinforce expectations that the Fed will pause its rate hikes for a while, but is unlikely to lead to a substantial repricing". Pandl said: "Bitcoin is likely to take the latest jobs report in stride. Bitcoin and other digital assets are benefiting from a variety of policy-related tailwinds, including progress on stablecoin legislation." Therefore, he expects "a bullish bias in the cryptocurrency market." He said: "As long as the stock market remains stable, Bitcoin may hit new highs later this quarter."