Analyst: After Bitcoin breaks the 100 thousand barrier for the first time, it is expected to have room to double.

PANews, November 21 - According to Jin10, Bitcoin has been setting new records this month, surpassing the 97 thousand USD mark on Thursday. Investors continue to anticipate that the newly elected President $Trump will usher in a "golden age" for cryptocurrencies, which will include more supportive regulation for the industry and potential national strategic Bitcoin reserves. Data from BCA Research indicates that Bitcoin is nearing the 100 thousand USD mark for the first time, but it could potentially double thereafter. Analysts generally believe that the strong momentum in cryptocurrencies will persist, with Bitcoin expected to reach 200 thousand USD by the end of 2025 and Ethereum expected to reach 10 thousand USD. Swan Bitcoin analyst Sam Callahan noted that Bitcoin's price continues to be driven by a range 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 increased inflation, and changes in the international role of the dollar—all of which will positively impact Bitcoin's price.