Golden Finance reported that Matrixport released a report saying that in early February 2024, (MatrixonTarget) predicted that the price of Bitcoin would reach $70,000 by the end of the year, when the price of Bitcoin was about $42,000. Although some people think this prediction is conservative, it is already a sharp increase of +65% from the price at that time. As of now, the price of Bitcoin has fluctuated below $70,000, showing that there are still challenges to overcome to break through this psychological barrier, but the overall prediction is roughly accurate. We believe that Bitcoin is expected to break through the $70,000 mark, and the development of the political situation in the United States will affect market sentiment. If Trump is re-elected as president in 2025, it is expected that his support for business and skepticism of the Federal Reserve will provide a good environment for Bitcoin. Although Trump has criticized cryptocurrencies, his policy direction will be beneficial to the market development of Bitcoin. Trump's previous term promoted economic growth through deregulation and tax policies, and these policy trends are beneficial to the Bitcoin and crypto asset markets. Therefore, our forecast of a closing price of $70,000 at the end of the year is accurate, but perhaps too conservative. Last week, we noted that investors had not yet begun to position for a Trump victory. Since then, Bitcoin has seen a sharp 8% increase. As the odds of a Trump victory rise rapidly, it is increasingly likely that we will see a stronger return for Bitcoin.