Galaxy Report: The Bitcoin bull market will continue, and BTC will break through $100,000 in the short term

2024-11-27 23:18:51

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ChainCatcher news, according to CoinDesk, Galaxy Research stated in a research report on Tuesday that the Bitcoin (BTC) bull market will continue, with BTC expected to break the $100,000 mark in the short term.

The report indicates that the increasing adoption of Bitcoin by institutions and businesses, the possibility of establishing Bitcoin national reserves, and the new U.S. government's support for cryptocurrencies all suggest that Bitcoin will rise in the near and medium term. The launch of ETF options could enhance liquidity and potentially reduce volatility. This may attract large institutions into the market while stimulating retail demand.

Galaxy Research director Alex Thorn stated that although the outgoing Biden administration may take some unsettling regulatory or enforcement actions that could make the market uneasy, the trend for Bitcoin over the next two years "seems unique and bullish," and the options market data is also bullish.

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