Insiders: Everything in the cryptocurrency industry is currently moving in a favorable direction

Cryptocurrency was once a fringe topic in the eyes of investors, a matter of concern for Washington policymakers, and a subject of ridicule among Wall Street's elite. But in 2024, that has changed; since the beginning of the year, the returns for investors holding Bitcoin have grown by 126%, with Bitcoin soaring to over $100,000 following Trump's election. According to data from Coinmarketcap, the market value of all cryptocurrencies has inflated by nearly $1.7 trillion. Ian Katz, managing partner at Capital Alpha, stated, 'Everything in the cryptocurrency industry is currently moving in a favorable direction.' Cryptocurrency enthusiasts believe the upward trend will not end soon, with Bitwise Chief Investment Officer Matt Hougan predicting that by this time next year, 'we will be having the same conversation, that Bitcoin has experienced an incredible surge.' Bitwise expects Bitcoin to break $200,000 by the end of 2025. (Jinshi)