Analysis: Cryptocurrency enters a "golden age," Bitcoin still has room to double if it breaks $100,000
ChainCatcher news, according to Jinshi reports, Bitcoin has been setting new records this month, breaking the $97,000 mark on Thursday. Investors continue to expect that the newly elected U.S. President Trump will usher in a "golden era" for cryptocurrencies, which will include more supportive regulations for the industry, as well as potential national strategic Bitcoin reserves.Data from BCA Research shows that Bitcoin is approaching the $100,000 mark for the first time, but it could potentially double thereafter. 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 reaching $10,000.Swan Bitcoin analyst Sam Callahan stated that Bitcoin's price continues to be driven by a series of factors, including improved liquidity conditions, increased institutional adoption, and a shift in the regulatory environment from headwinds to tailwinds. Another term for Trump also means larger budget deficits, potential for more inflation, and changes in the international role of the dollar—all of which will positively impact Bitcoin's price.