Cryptocurrency enters its "Golden Age" - Bitcoin is expected to double in value after breaking the 100,000 mark for the first time

Bitget news, Bitcoin has been setting new records this month, breaking through the $97,000 mark on Thursday. Investors continue to anticipate that US President-elect Trump will usher in a "golden age" for cryptocurrencies, which would include more supportive regulation of the industry and potential national strategic Bitcoin reserves or storage. Data from BCA Research shows that Bitcoin is approaching the $100,000 mark for the first time but could still potentially double after that. Analysts generally believe that the strong momentum of cryptocurrency will continue with Bitcoin expected to reach $200,000 by the end of 2025 and Ethereum reaching $10,000. Swan Bitcoin analyst Sam Callahan said that a series of factors continue to drive up bitcoin prices including improved liquidity conditions and increased institutional adoption as well as regulatory environment shifting from headwinds to tailwinds. Another term under Trump also means larger budget deficits, potentially more inflation and changes in dollar's international role - all these are likely to have a positive impact on bitcoin prices.