23108556039#Below are some analyses regarding the trend of Bitcoin:

Recent Trends and Reasons

- Bitcoin broke through the $100,000 mark on December 5, with a total market value exceeding $2 trillion for the first time, setting a historical record. Part of its rise can be attributed to the policy expectations surrounding the soon-to-be President Trump, who nominated Paul Atkins as the chairman of the U.S. Securities and Exchange Commission. Atkins supports the development of cryptocurrencies and is seen as an important signal for improving the policy environment in the crypto market.

- Since early January 2024, U.S. regulators, the SEC, have consecutively approved the listing applications of 10 spot Bitcoin exchange-traded funds, leading to a surge of funds from institutional and retail investors, bringing higher liquidity to the market and steadily pushing prices upward.

- In 2024, major global economies entered a rate-cutting cycle, with central banks generally adopting loose monetary policies, which lowered the returns on traditional assets and prompted some investors to turn to Bitcoin, which has scarcity and anti-inflation properties.

Future Trend Predictions and Basis

- Short-term: Some believe that the upward channel for Bitcoin has opened, and its price may head straight for $120,000 or even $140,000. Historically, Bitcoin has entered a bull market after each U.S. election, as seen in 2016 and 2020. Additionally, the recent dip in Bitcoin's price is considered a move by major players to clear leverage, with prospects for continued upward movement.

- Mid-term: It is expected that when Trump takes office on January 20, Bitcoin may undergo a qualitative change. People hope that Trump will incorporate Bitcoin into the national strategic reserve, which would greatly enhance Bitcoin's status and value.

- Long-term: Standard Chartered Bank predicts that Bitcoin will reach $200,000 by the end of 2025. The reasoning is that institutional inflows will maintain or exceed the pace of 2024, along with the continuous purchases of Bitcoin by companies like MicroStrategy, and the new options trading for Bitcoin ETFs may accelerate the demand from pension funds and retirement accounts that are strictly long positions, leading to a significant increase in Bitcoin's price.

It is important to note that the Bitcoin market is highly uncertain and risky, with significant price volatility; for example, Bitcoin experienced a flash crash on December 6. Investors should make investment decisions cautiously based on their own risk tolerance.