$BTC

Additionally, cryptocurrencies may take further regulatory tailwind from the Trump Administration.

The US president elect proposed to adopt Bitcoin as part of the US strategic reserves, with Senator Cynthia Lummis outlining the purchase of not more than 200,000 Bitcoins annually over five years.

Some institutional researchers, including Bernstein Private Wealth Management and Standard Chartered believe Bitcoin will reach $200,000 (€190,581) by the end of 2025