BlockBeats news, on November 27, Galaxy Research stated in a report released on Tuesday that the Bitcoin (BTC) bull market will continue, with BTC expected to break the $100,000 mark in the short term. The report indicated that the increasing adoption of Bitcoin by institutions and companies, the possibility of establishing Bitcoin national reserves, and the new U.S. government's support for cryptocurrencies all suggest that Bitcoin will rise in the near and medium term. The introduction of ETF options could enhance liquidity and potentially reduce volatility, which may attract large institutions to enter the market while stimulating retail demand.
Galaxy Research Director Alex Thorn stated that while the outgoing Biden administration may take some unsettling regulatory or enforcement actions that could disturb the market, the trend for Bitcoin over the next two years 'seems unique and bullish,' and the options market data is also bullish.
