According to ChainCatcher news, reported by Jin Ten, Bitcoin has been continuously setting new records this month, breaking through the $97,000 mark on Thursday. Investors continue to expect that the elected president of the United States, Trump, will usher in a 'golden age' for cryptocurrencies, which will include more supportive regulations for the industry and potential national strategic Bitcoin reserves.
Data from BCA Research shows that Bitcoin has approached the $100,000 mark for the first time, but it could potentially double after that. Analysts generally believe that the strong momentum of cryptocurrencies will continue, with Bitcoin expected to reach $200,000 by the end of 2025 and Ether reaching $10,000.
Swan Bitcoin analyst Sam Callahan stated that the price of Bitcoin continues to be driven by a number of factors, including improved liquidity conditions, increased institutional adoption, and a shift in the regulatory environment from headwinds to tailwinds. Another term for Trump also implies larger budget deficits, potential more inflation, and changes in the international role of the dollar—all of which will positively impact the price of Bitcoin.
