CoinVoice recently learned from Jin10 that cryptocurrencies were once seen as a fringe investment in the eyes of the public, a concern for Washington policymakers, and a subject of ridicule among Wall Street elites. However, in 2024, this situation has changed. Since the beginning of the year, the returns for Bitcoin holders have increased by 126%, and Bitcoin soared to over $100,000 after Trump's election. Data from Coinmarketcap shows that the market value of all cryptocurrencies has ballooned by nearly $1.7 trillion.
Ian Katz, managing partner of Capital Alpha, said: "Currently, everything in the cryptocurrency industry is heading in a favorable direction." Cryptocurrency enthusiasts believe the upward trend will not end soon, and Bitwise Chief Investment Officer Matt Hougan thinks that by this time next year, "we will have the same conversation, that Bitcoin has experienced an incredible surge." Bitwise expects Bitcoin to break $200,000 by the end of 2025. [Original link]
