According to a report released Wednesday by German financial powerhouse Deutsche Bank, bitcoin (BTC $111,495.39) — the titan of cryptocurrencies — looks set to maintain its upward momentum well into 2025, with prices expected to hover at elevated levels.
Regulatory Winds and Market Forces Aligning
Backing this bullish forecast is a cocktail of factors: a friendlier regulatory and political climate in the United States, an expanding wave of institutional embrace, plus a more relaxed stance from the Federal Reserve on monetary policy. Together, these elements create a sturdy foundation to bolster bitcoin’s price trajectory, the report highlights.
Political Endorsements Fueling Crypto’s Momentum
Marion Laboure, the report’s analyst, points out that ongoing presidential support—stemming from the Trump administration’s pro-crypto posture—should keep the current bull run alive. She dubs this continued backing as a cornerstone for what she calls “crypto’s golden era.”
Regulatory Steps Mark Industry Transformation
Even though President Trump refrained from signing any crypto-specific executive orders on his inaugural day, the SEC’s initiative to outline a regulatory framework for digital assets signals the dawn of a comprehensive industry revamp, the report asserts.
Adding to this momentum, the installation of Paul Atkins as head of the SEC signals a pivot toward a more innovation-embracing regulatory style, Deutsche Bank remarks.
European Market Gains Legitimacy with MiCA Regulation
The European Union’s upcoming enforcement of the Markets in Crypto-Assets (MiCA) regulation this December brings a fresh wave of credibility and protection to its crypto markets, the document notes. This regulatory milestone cements the EU’s commitment to nurturing a safer and more transparent environment for digital assets.
Meanwhile, anticipations are rising that clearer signals regarding a potential U.S. bitcoin reserve might surface during the first quarter, the bank adds, hinting at further institutional advancements on the horizon.
Snapshot of Crypto Market Dynamics
- Current Price of Bitcoin: approximately $111,495.39
- MiCA regulation enforcement: December (EU)
- SEC leadership under Paul Atkins, emphasizing innovation
- Potential U.S. bitcoin reserve consideration expected early next year
