Odaily Planet Daily News: Citigroup analyst Alex Saunders pointed out six key factors that will help determine cryptocurrency prices in 2025 in a report last Friday, including ETF activity, regulation, and the future of stablecoins; supportive macro backdrop. The analyst indicated that they expect the current macro backdrop to continue supporting high-risk trading in the first quarter of next year, but warned that the outlook thereafter is less certain. The outlook may shift depending on Trump's economic policies and stock market fluctuations. Continuous capital inflow into spot ETFs. The analyst expects strong capital inflows into cryptocurrency spot ETFs in their first year of listing to continue into 2025, providing further momentum for price growth. Cryptocurrency allocation in portfolios. Portfolio allocation will also be key to cryptocurrency's future returns. The analyst stated that during this year's rebound, Bitcoin added value to multi-asset portfolios. Nevertheless, it remains a highly volatile and risky asset, with risks to the total portfolio reaching 10% or more when allocation proportions exceed 3%. Stablecoin issuance. The analyst stated that the ongoing issuance of stablecoins has been boosted since Trump's election, which will help create a healthier cryptocurrency market. Higher adoption rates. The analyst indicated that the most important theme to track for cryptocurrencies is adoption rates. Easing regulation. Finally, the analyst stated that with Trump's presidency, regulation will become a major theme next year. The incoming U.S. president has appointed several cabinet candidates who support cryptocurrencies. Their policies are unclear, but the industry widely expects regulation to be more lenient, which could drive broader adoption. (Golden Ten)

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