According to BlockBeats, on December 5, the Financial Times reported that Bitcoin's price exceeding $100,000 signifies a dramatic change in the industry's fate compared to two years ago, when the collapse of FTX at the end of 2022 triggered a market crisis, causing Bitcoin's price to plummet to just $16,000.
The world's largest cryptocurrency exchange, Binance, was fined $4.3 billion last year for failing to prevent money laundering, while FTX founder SBF was sentenced to 25 years in prison for defrauding customers this March.
In contrast, executives and traders in the cryptocurrency industry now predict that under the leadership of the Trump administration, the industry will enter a 'golden era', betting that favorable new regulations will lead to significant inflows of capital from large asset management firms.