Odaily Planet Daily News: A report released by Bernstein analyzes the upcoming key catalysts for Bitcoin, which could drive the price of Bitcoin to its cycle target of $200,000 by 2025. The catalysts mainly include: Bitcoin strategic reserves, commitments to crypto regulation, and demand for Bitcoin ETFs and MicroStrategy. The report suggests that while the Trump election trade is over, the new era of crypto regulation is far from being reflected in the price. Investors may need to continue holding Bitcoin stocks for at least 12-18 months. As most institutional investors are reevaluating their anti-crypto positions, investors will have ample time to make new structural allocations for this market. (The Block)