Galaxy: Bitcoin will break through $100,000 in the short term

In a research report on Tuesday, Galaxy Research stated that the BTC bull market will continue, and BTC is expected to break through the $100,000 mark in the short term. The report stated that the increasing adoption of BTC by institutions and companies, the possibility of establishing BTC national reserves, and the support of the new US government for cryptocurrencies all indicate that BTC will rise in the near and medium term. The launch of ETF options may increase liquidity and potentially reduce volatility. This could attract large institutions to the market and stimulate retail demand. Alex Thorn, head of research at GAL, said that while the outgoing Biden administration may even take some unsettling regulatory or enforcement actions that could unsettle the market, the outlook for BTC over the next two years "appears unique and bullish," and options market data is also bullish.