According to Odaily Planet Daily, ZK Square Chief Investment Officer CK Zheng said that Bitcoin may have entered "Santa Claus mode" because investors are worried about missing out and want to invest more money.
He predicted that the price of Bitcoin would reach $125,000 by early 2025, but warned that a 30% correction could follow, taking Bitcoin back to around $87,500.
At the same time, Strike founder Jack Mallers said that Trump may issue an executive order on his first day in office on January 20 to designate Bitcoin as a reserve asset, although the initial scale will not reach 1 million BTC.