According to ChainCatcher reports, cryptocurrency was once seen as a fringe investment in the eyes of the public, a concern for Washington policymakers, and a target of ridicule by Wall Street elites. However, in 2024, this situation has changed, as since the beginning of the year, investors holding Bitcoin have seen gains of 126%, with Bitcoin skyrocketing to over $100,000 after Trump's election. Data from Coinmarketcap shows that the market value of all cryptocurrencies has inflated by nearly $1.7 trillion.
Ian Katz, the managing partner of Capital Alpha, stated: "Currently, everything in the cryptocurrency industry is moving in a favorable direction." Cryptocurrency enthusiasts believe the bullish trend will not end soon, and Bitwise Chief Investment Officer Matt Hougan thinks that by this time next year, "we will be having the same conversation, that Bitcoin has experienced an incredible surge." Bitwise expects Bitcoin to surpass $200,000 by the end of 2025.
