According to Golden Finance, JPMorgan analysts said in their latest report that they are optimistic about digital assets in 2025, mainly due to the rise of "depreciation trading". As geopolitical tensions intensify and the US election approaches, investors may turn to gold and Bitcoin to hedge against economic instability. The report also mentioned that the approval of spot Bitcoin ETFs, the near completion of bankruptcy liquidation in the crypto market, and the possible return of FTX's bankrupt cash will all drive the growth of the digital asset market.