Industry insider: Currently, everything in the cryptocurrency industry is developing in a favorable direction

Cryptocurrency was once a fringe thing in the eyes of the investing public, an issue of concern for Washington policymakers, and an object of ridicule by top Wall Street figures. But in 2024, this situation changed. Since the beginning of the year, investors holding Bitcoin have seen their returns increase by 126%, with Bitcoin soaring to over $100,000 after Trump's election. Data from Coinmarketcap shows that the market value of all cryptocurrencies has inflated nearly $1.7 trillion.

Ian Katz, managing partner at Capital Alpha said: "Currently everything in the cryptocurrency industry is moving in a favorable direction." Cryptocurrency enthusiasts believe that this upward trend will not end soon. Matt Hougan, Chief Investment Officer at Bitwise believes that by this time next year,"we will be having the same conversation about how Bitcoin has experienced an incredible surge". Bitwise predicts that Bitcoin will break through $200,000 before the end of 2025.