Insiders: Everything in the cryptocurrency industry is currently moving in a favorable direction

ChainCatcher news, according to Jinshi reports, cryptocurrency was once a fringe issue in the eyes of the investing public, a concern for Washington policymakers, and a target of ridicule for top figures on Wall Street. However, in 2024, this situation has changed. Since the beginning of the year, investors holding Bitcoin have seen a 126% increase in returns, with Bitcoin soaring to over $100,000 following Trump's election. Data from Coinmarketcap shows that the market value of all cryptocurrencies has inflated by nearly $1.7 trillion.

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