#$BTC

Bitcoin’s Rally Will Continue!

Bitcoin could top $200,000 by the end of 2025, says Matt Hogan, chief investment officer at Bitwise. “I was skeptical, but after studying it, I learned and understood, and I realized that my previous opinion was wrong,” says Fink.

BlackRock currently recommends that investors put up to 2% of their portfolios in bitcoin, with Fink describing bitcoin as “an asset class in its own right, an alternative to gold.”

In January, BlackRock and 10 other investment firms received approval to launch bitcoin exchange-traded funds (ETFs), with BlackRock’s IBIT becoming the fastest-growing ETF in history, with the 11 funds collectively amassing $100 billion in assets by December 18.

Political Support

This development coincided with an election year that saw strong support from the cryptocurrency sector for pro-crypto candidates in Congress, and President-elect Donald Trump promised several initiatives to benefit the industry, including the creation of a “Presidential Advisory Council on Cryptocurrencies” and a “national strategic reserve of Bitcoin.”

While the extent of the U.S. government’s commitment to buying Bitcoin is unclear, Trump has nominated attorney Paul Atkins to head the Securities and Exchange Commission (SEC), who is known for his support for regulating cryptocurrencies without stifling innovation.