Wall Street Analyst Is Still Bullish On Bitcoin, Predicts Price Recovery
January 9, 2026 · 2:30 PM
A Wall Street analyst, Andrew Jeffrey from William Blair, maintains a bullish outlook on Bitcoin (BTC) despite recent price fluctuations. He believes Bitcoin is on the verge of entering a price discovery phase, emphasizing its potential to be viewed as a store of value, possibly rivaling gold's market capitalization. Jeffrey noted that Bitcoin's market is still immature, with a significant portion of its supply held by a small number of wallets, leading to volatility, especially during market stress.
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