The bull market for cryptocurrencies in 2024 seems to be dominated by BTC, with BTC rising by 3% while altcoins rise by 1%; if BTC falls by 1%, altcoins will fall by 3%. This situation will still be the case in 2025. Whether the U.S. will consider BTC as a strategic reserve next year will depend on the policies after Trump's inauguration on January 20. Once the policies are implemented, BTC will soar as if on a cheat code. Conversely, some politically and financially sanctioned regions will go crazy buying at around 90,000 USD. Therefore, the bull market in 2025 will not only persist but will also be a significant wave of bull market trends.
Only those altcoins that have withstood 1 or 2 cycles and have high popularity will thrive together with BTC. Additionally, there will be AI and technology.

近期，比特币价格再次突破10,000美元，吸引了市场的高度关注。伴随着全球经济的不确定性和机构投资者的强势入场，加密市场逐渐回暖。一场潜在的牛市似乎正在酝酿，但我们也必须保持理性，理清趋势背后的关键逻辑。

桥水基金加码加密资产，黄金与比特币共舞

桥水基金创始人雷·达里奥近期表态，将加大黄金和加密货币的配置比例。他认为，全球经济体系正在经历深刻变革，加密资产的去中心化属性以及比特币的“数字黄金”地位使其成为对冲风险的绝佳工具。机构投资者的持续加持无疑将为加密市场注入更多信心与流动性。

As a global tech giant, Microsoft's board's conservative attitude towards Bitcoin is understandable. This reflects the cautious approach mainstream companies take in the face of the high volatility and regulatory uncertainty of cryptocurrencies. However, this traditional financial logic does not fully apply at the national level. Taking Russia as an example, against the backdrop of escalating dollar hegemony and geopolitical conflicts, BTC, as a non-sovereign currency, is gradually becoming a potential tool for some countries to escape dependence on the dollar.

What is even more noteworthy is the statement made by Binance founder Zhao Changpeng (CZ) at a meeting in Abu Dhabi on December 9. He mentioned that China might incorporate Bitcoin into its asset reserves. This viewpoint undoubtedly evokes thoughts of China's increasingly strong position in the global economy and its vigorous promotion of the digital yuan and blockchain technology. However, at the same time, before the U.S. clarifies its stance on BTC, China's actual actions may still be primarily cautious.

Google Quantum Computing's Market Impact: Stay Rational, Seek Stability

Recently, Google announced a breakthrough in its quantum computing technology, and this news quickly triggered market fluctuations in the crypto space. Many investors worry that quantum computing may threaten the security of blockchain encryption algorithms, and some even predict that this is 'the beginning of the end of the blockchain era.' However, in the face of market panic, what we need more is calm thinking and stable investment logic.

Market Fluctuations: Does Quantum Computing Threaten Blockchain?

The core of blockchain technology is encryption algorithms, and the current mainstream encryption algorithms (such as elliptic curve algorithms) may indeed appear weak in the face of quantum computing. However, this does not mean that the end of blockchain has arrived. The industry has long been researching post-quantum cryptographic algorithms, such as lattice-based post-quantum encryption technology, which is becoming the direction of future development.