CoinShares: BTC $80K Breakout Unlikely Without Inflation and Policy Shifts

CoinShares Research Chief James Butterfill said the hawkish Federal Reserve and legislative delays around the Clarity Act have pushed back Bitcoin (BTC)’s potential recovery timeline. He noted that breaking $80,000 will remain difficult unless there’s a major shift in inflation outlook or monetary policy expectations. However, he added that while the Clarity Act has faced setbacks, it could see renewed efforts early next year as it intersects with stablecoin regulation, suggesting regulatory uncertainty may impact altcoins like Ethereum (ETH) more than BTC.