According to BlockBeats news on December 17, QCP released a daily market observation stating that it is becoming increasingly difficult to find reasons to hold a pessimistic view on Bitcoin's spot price. However, the options market has sent some cautious signals, as despite the spot price continuously hitting new highs, the options market still shows a persistent skew towards put options relative to call options—perhaps reflecting investors' inclination to hedge risk rather than actively chase upward momentum.
VanEck predicts that the crypto market will reach a 'mid-term' peak in the first quarter of 2025, setting a target price of $180,000 for Bitcoin, a forecast supported by sustained bullish sentiment. Further enhancing the optimism is the fact that the Financial Accounting Standards Board (FASB) has adopted fair value accounting standards for Bitcoin and other digital assets, allowing companies to directly reflect fair value gains in their net income—this is a transformative move for the finance departments of companies holding Bitcoin.
Under the impetus of a supportive regulatory environment, this could trigger a cross-asset feedback loop. Companies holding Bitcoin as a reserve asset will find it easier to raise funds—potentially driving institutional demand for Bitcoin in a non-linear fashion.
