Analyst: Bitcoin is expected to double after breaking the 100,000 mark for the first time

PANews reported on November 21 that according to Golden Ten, Bitcoin has been setting new records this month, breaking through the $97,000 mark on Thursday. Investors continue to expect that US President-elect Trump will usher in the "golden age" of cryptocurrencies, which will include more supportive regulation of the industry, as well as potential national strategic Bitcoin reserves or reserves. BCA Research data shows that Bitcoin has approached the $100,000 mark for the first time, but it may still double in value. 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 a larger budget deficit, potential for 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.