Analysis: Cryptocurrency ushered in the golden age, BTC still has room to double if it breaks $100,000

Odaily Odaily News Odaily Odaily News Bitcoin has continued to set new records this month, breaking through the $97,000 mark on Thursday. Investors continue to expect that US President-elect Trump will usher in a "golden age" for cryptocurrencies, which will include more supportive regulation of the industry and potential national strategic bitcoin reserves or reserves. Data from BCA Research shows that Bitcoin is approaching the $100,000 mark for the first time, but it is still possible to double thereafter. Analysts generally believe that the strong momentum of cryptocurrencies will continue, with Bitcoin expected to reach $200,000 by the end of 2025 and Ethereum to reach $10,000. Swan Bitcoin analyst Sam Callahan said that the price of Bitcoin continues to be driven by a series of factors, including improved liquidity conditions, increased institutional adoption, and a regulatory environment that has shifted from headwinds to tailwinds. Another term for Trump also means larger budget deficits, potentially more inflation and changes in the international role of the US dollar - all of which will have a positive impact on the price of Bitcoin. (Jinshi)