Odaily Planet Daily News ZK Square Chief Investment Officer CK Zheng said that Bitcoin may have entered "Santa Claus mode" because many investors are afraid of missing out and want to put more money into the asset class. He predicts that the price of Bitcoin will reach $125,000 in early 2025, but warned that since most of the good news from the incoming Trump administration has been digested by the market, there may be a 30% correction afterwards, bringing Bitcoin back to around $87,500. Meanwhile, Strike founder and CEO Jack Mallers said that Trump may issue an executive order on his first day in office on January 20 to designate Bitcoin as a reserve asset. He added: "It will not reach the scale of 1 million BTC at the beginning, but it will be a large position." (Cointelegraph)

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