Foreign Media Attributes Bitcoin Price Surge to US Policy Shifts and TradFi Optimism According to Coindesk, experts attribute the recent Bitcoin price uptick to policy changes in the US and widespread optimism. Augustine Fan, head of SOFA.org, an on-chain payment framework developer, notes the significant role of traditional financial (TradFi) investors in driving the current bull cycle. Jeff May, COO of BTSE cryptocurrency exchange, predicts further price increases, projecting Bitcoin to surpass $125,000 by next year's end.