12 月 21 日，Etherealize 联创 Danny Ryan 表示，加密行业需要在特朗普离任前「证明自身价值」，以免在未来政府更替后面临政策逆转。目前美国政府推动了支持加密的立法与监管改善，但这种环境不会一直存在，行业应尽快促成制度落地与资本市场整合。如果加密不能在现任美国政府任期内展示实际用途，未来的政治力量可能会重新审视这些政策支持。

<div><p>12 月 21 日，Etherealize 联创 Danny Ryan 表示，加密行业需要在特朗普离任前「证明自身价值」，以免在未来政府更替后面临政策逆转。目前美国政府推动了支持加密的立法与监管改善，但这种环境不会一直存在，行业应尽快促成制度落地与资本市场整合。如果加密不能在现任美国政府任期内展示实际用途，未来的政治力量可能会重新审视这些政策支持。</p></div>

Etherealize联创：加密行业需要在特朗普离任前「证明自身价值」

On December 21, Etherealize co-founder Danny Ryan stated that the crypto industry needs to "prove its worth" before Trump leaves office to avoid policy reversals after a change of administration. Currently, the US government is pushing for legislation and regulatory improvements supporting crypto, but this environment won't last forever. The industry should expedite the implementation of these policies and capital market integration. If crypto fails to demonstrate practical applications during the current US administration's term, future political forces may re-evaluate these policy supports.

<div><p>On December 21, Etherealize co-founder Danny Ryan stated that the crypto industry needs to &quot;prove its worth&quot; before Trump leaves office to avoid policy reversals after a change of administration. Currently, the US government is pushing for legislation and regulatory improvements supporting crypto, but this environment won&#39;t last forever. The industry should expedite the implementation of these policies and capital market integration. If crypto fails to demonstrate practical applications during the current US administration&#39;s term, future political forces may re-evaluate these policy supports.</p></div>

Etherealize co-founder: The crypto industry needs to "prove its worth" before Trump leaves office.

Following the controversy surrounding Fundstrat's Bitcoin views, co-founder Tom Lee responded, stating that the "contradictory predictions" seen by outsiders were actually research conclusions from different positions and timelines, not internal disagreements. Previously, Sean Farrell, head of digital asset strategy at Fundstrat, suggested that Bitcoin might retrace to the $60,000-$65,000 range in the first half of 2026; while Tom Lee believed Bitcoin could reach new highs, even surging to $200,000 as early as the beginning of 2026. A Fundstrat...

Tom Lee responds to Fundstrat's "contradictory" views on Bitcoin: Different positions, different timelines, not internal disagreements.

Next Week's Key Preview

December 22nd

Aster: Phase 5 airdrop will begin on December 22nd and last for 6 weeks;

Espresso will open airdrop registration on December 22nd;

December 23rd

The U.S. Bureau of Economic Analysis will release third-quarter GDP data on December 23rd;

December 24th
U.S. and European stock markets will be closed for Christmas, and whether a "Christmas rally" will materialize remains uncertain;

The U.S. will release initial jobless claims for the week ending December 20th;...

Must-watch items next week: US Bureau of Economic Analysis to release Q3 GDP data; Aster launches fifth phase of airdrop (December 22-28).

Source: Galaxy Research
Translation: Jinse Finance
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakout after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged liquidations, and the actions of whale...