Odaily Planet Daily News Zerocap Chief Investment Officer Jonathan de Wet said in an investor report on Wednesday that Bitcoin's upward momentum remains strong. "We expect (Bitcoin) to reach $70,000 in the coming weeks," de Wet said, noting that technological breakthroughs provide a solid foundation for its further rise. Intergovernmental blockchain expert Andy Lian said that Trump's plan to create a Bitcoin reserve may mark a turning point in crypto regulation. "Such political support may lead to a more favorable regulatory environment, boosting investor confidence and demand." Lian believes that driven by global monetary policies, Bitcoin will reach an all-time high next week, and news such as major central banks' sharp interest rate cuts may boost risky assets including cryptocurrencies. (Decrypt)