Golden Finance reports that Galaxy Research stated in a research report on Tuesday that the Bitcoin (BTC) bull market will continue, expecting BTC to break the $100,000 mark in the short term. The report indicates that an increasing number of institutions and businesses are adopting Bitcoin, 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 launch of ETF options could enhance liquidity and potentially reduce volatility. This may attract large institutions into the market while stimulating retail demand. Alex Thorn, head of Galaxy Research, stated that although the outgoing Biden administration may take some unsettling regulatory or enforcement actions that could cause market unease, the trend for Bitcoin over the next two years "seems unique and bullish," and the options market data is also bullish.
