PANews reported on December 27 that Matrixport pointed out in its latest weekly report that the 2025 Bitcoin bull market may face a variety of potential risk factors. Among them, BlackRock once said that the decentralized nature of the Bitcoin protocol may not fully guarantee the 21 million supply cap, sparking market discussions. In addition, Google announced the launch of the 105-qubit "Willow" quantum chip, which once again raised concerns about the potential threat of quantum computing to Bitcoin security, although the technology is still in its early stages.

The report also mentioned that the Fed recently raised its inflation expectations, partly due to concerns about Trump's possible tariff increase, but its actual impact may be limited. Matrixport believes that inflation may not be a big problem next year, which provides room for the Fed to maintain a dovish stance.

In addition, historical data shows that the Bitcoin bull market often peaks when regulatory pressure is at its peak. As regulatory issues such as the US approval of Bitcoin spot ETFs are gradually resolved, the risk of the end of this round of bull market may be driven by other factors. The report reminds that the Federal Reserve may adopt a more hawkish monetary policy after Trump's election, which will bring new uncertainties to the Bitcoin and crypto markets.