TechFlow reported on January 8 that according to Fidelity Digital Assets' latest research report, it is expected that by 2025, more countries will incorporate Bitcoin into their national strategic reserves, which will drive significant growth in the cryptocurrency market. In the report titled "2025 Outlook" released on January 7, Fidelity Digital Assets research analyst Matt Hogan stated: "We expect more countries, central banks, sovereign wealth funds, and government finance departments to seek to establish strategic positions in Bitcoin." He added that these countries may focus on the strategies adopted by Bhutan and El Salvador, "and the substantial returns they have achieved from these positions in a relatively short period of time." Hogan said that not incorporating Bitcoin into strategic reserves may be riskier than incorporating it, as they face challenges such as hyperinflation, currency devaluation, and increasingly severe fiscal deficits. He also mentioned that if the United States continues to advance its Bitcoin strategic reserve program, "other countries may begin to secretly accumulate Bitcoin," he said. "No country will have the motivation to publicly announce these plans, as doing so could attract more buyers and drive up prices."