According to Deep Tide TechFlow news, on December 17, QCP Capital's latest report points out that it is becoming increasingly difficult to find reasons for a bearish outlook on Bitcoin's spot price. However, the options market remains a cause for caution, as bearish options are still favored over bullish options, even as spot prices continue to hit new highs—this may indicate a tendency towards hedging rather than aggressively chasing the uptrend.
VanEck expects the cryptocurrency market to reach a 'mid-term' peak in the first quarter of 2025, with a target price for Bitcoin of $180,000 driven by sustained bullish sentiment.
More optimistically, the Financial Accounting Standards Board (FASB) has adopted fair value accounting for Bitcoin and other digital assets, allowing companies to directly reflect fair value gains in net income, which is a game changer for the finances of companies holding BTC.
This could trigger a cross-asset feedback loop driven by a supportive regulatory environment, where companies holding BTC find it easier to raise capital, potentially stimulating institutional demand for BTC in a non-linear fashion.
