According to Financial News on January 1 (editor Zhou Ziyi), after Bitcoin surged 110% in 2024, crypto investors and industry executives believe this flagship cryptocurrency will set new historical highs this year.

In the past month, the world's largest cryptocurrency, Bitcoin, has surpassed the $100,000 mark, setting a new historical high, as market participants are optimistic about the crypto-friendly policies that incoming U.S. President Donald Trump is expected to bring.

Previously, Trump achieved a historic victory in the November election, and one of his campaign platforms is to support policies for cryptocurrencies. During the campaign, Trump vowed to fire the current chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, who has taken a tough regulatory stance against various crypto companies; additionally, Trump envisions that the U.S. could create a strategic Bitcoin reserve by pooling funds seized from criminal activities.

Following the surge in Bitcoin's price this year, cryptocurrency investors and industry executives expect that this cryptocurrency will continue to set new historical highs in 2025.
In December, the world's largest cryptocurrency broke through the long-anticipated $100,000 mark, setting a historic high above this figure. Previously, Trump prominently highlighted supportive cryptocurrency policies in his campaign platform, and his impending return to the White House boosted sentiment in the cryptocurrency market, with many industry executives and analysts expecting him to create a more favorable regulatory environment for digital assets. During his campaign, Trump vowed to replace the current chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, who had taken tough legal actions against several cryptocurrency companies; Gensler agreed to resign from this position in 2025. Trump also stated that the U.S. could establish a strategic Bitcoin reserve by pooling funds seized from criminal activities.

After successfully breaking through the $100,000 mark, Bitcoin is now aiming for a higher price of $110,000. Although there are fluctuations during this period, the market believes that the price of Bitcoin will hit a new high. Standard Chartered Bank believes that Bitcoin is expected to rise to $200,000 in 2025. Many authoritative institutions predict that with the help of Trump's brand effect, the political endorsement of the US government and the clustered support of multiple market forces, the price of Bitcoin may reach $500,000 in 2027.
Globally, it can be said that no national leader can stand up for Bitcoin as loudly as Trump. In addition to expressing his wholehearted embrace of Bitcoin, Trump also made bold statements about making the United States a "Bitcoin superpower" and firmly stated that Bitcoin would be listed as a national strategic reserve asset and used to repay part of the U.S. national debt. In order to remove the obstacles that prevent Bitcoin from moving forward, Trump said that after taking office, he would remove Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), who is extremely unfriendly to Bitcoin, and establish a cryptocurrency advisory committee and a position in the White House specifically responsible for cryptocurrency policy to protect Bitcoin. In addition, in order to reassure Bitcoin miners, holders and market participants, Trump said that the creation of a central bank digital currency (CBDC) would never be allowed.

According to the Zhitong Finance APP, San Francisco Fed President Daly stated that cryptocurrencies should be viewed as an independent asset class, rather than being conflated with gold as often seen.
Daly said, "It can be a currency. It may be a medium of exchange... It can be a stock—a store of value or sometimes a depreciating asset. We just need to define these terms."
"So I don't think it's gold," Daly added. "It has some attributes like gold at times, but I don't see it that way."
Daly's assessment differs slightly from that of Federal Reserve Chairman Powell, whose comments on Bitcoin earlier this month energized the cryptocurrency community.

Zhitong Finance APP noted that an executive from Bitwise Asset Management stated that if the U.S. establishes a strategic Bitcoin reserve, the leading global cryptocurrency Bitcoin could reach an ambitious price target of $1 million. However, Bitwise's head of Alpha Strategies, Jeff Park, stated that the likelihood of achieving this target next year is less than 10%.
After Christmas, Park stated on social media that although the chances of the incoming President-elect Trump successfully establishing a strategic Bitcoin reserve are slim, this situation represents "the only possibility for Bitcoin to reach $1 million by 2025."

Mary Daly, president of the San Francisco Federal Reserve Bank, recently stated that cryptocurrencies should be seen as an independent asset class, rather than being conflated with gold as is often seen.

Daly said on a podcast, "I think cryptocurrencies are complex, and we need to provide services that truly interpret their meaning and, after doing that, call them cryptocurrencies."

She continued, "It can be a currency. It may be a medium of exchange... It can also be a stock—an asset that retains value or sometimes depreciates. We just need to define these terms."