
Outlook for Bitcoin is expected to remain positive in 2025.ย
The presidential backing is key for the continuation of crypto's golden era, analyst says.
Appointment of Paul Atkins as the next SEC Chair Indicates A Shift In Approach.
Deutsche Bankโs latest report forecasts a strong future for Bitcoin, predicting that its price will stay elevated throughout 2025.
The report highlights several factors expected to support Bitcoinโs price. These include a more favorable regulatory and political environment in the United States, increased institutional adoption, and looser Federal Reserve policies.
Analyst Marion Laboure believes that the Trump administrationโs support for crypto will help sustain the current bull market, stressing that continued presidential backing is vital for ensuring the “golden era” of crypto.
Crypto Regulations Under Trump
Although Trump didnโt sign any crypto-related executive orders on his first day in office, significant progress has been made in developing a clearer regulatory framework. The SEC has set up a new crypto task force to create guidelines for digital assets, a key move toward reforming the industry.
Deutsche Bank also pointed out that the appointment of Paul Atkins as the next SEC Chair suggests a shift toward a more innovation-friendly approach.
The report also noted that the upcoming implementation of the Markets in Crypto-Assets (MiCA) regulation in the EU, set for December, will provide more legitimacy and security to the European crypto market.
Senator Lummis Teases Big News
Bitcoin saw a significant price jump early Thursday. It was trading between $101,000 and $102,000 when Senator Cynthia Lummis hinted at major news on social media. Her post, “Big things are coming,” sparked excitement, and Bitcoin surged to over $105,000. After a brief dip to $103,000, the price climbed to nearly $106,000.
Lummis recently revealed that Senate Banking Committee Chair Tim Scott had appointed her as the new Chair of the Subcommittee on Digital Assets. She emphasized the need for bipartisan legislation to create a clear legal framework for digital assets, including the establishment of a strategic Bitcoin reserve.
“U.S. Strategic Bitcoin Reserve pretty much confirmed,” wrote Binance founder Changpeng Zhao , in response to the post.
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With major players aligning in support of crypto, the coming months could prove to be a defining chapter for Bitcoinโs future.