Deutsche Bank has done so in a latest report shared that the outlook for Bitcoin is expected to remain positive and the price is expected to remain high through 2025.
The report highlighted that expectations of a more favorable regulatory and political environment in the US, along with growing institutional adoption and looser Fed policy, will all act as a catalyst to support the price of the flagship crypto.
The Bull Run must continue!
Analyst Marion Laboure wrote that the Trump administration’s support for crypto means the market’s current bull run should continue, and that the president’s continued support is key to the “continuation of crypto’s golden age.”
Although Trump did not sign any crypto-related executive orders on his first day in office, the SEC has formed a new crypto task force to develop a regulatory framework for digital assets, seen as an important step in the administration’s efforts to to revise the regulations. the industry.
More details in Q1
Deutsche Bank also noted that the appointment of Paul Atkins as the next SEC chairman is also indicative of a shift towards an innovation-friendly approach. The report also noted that with the implementation of the Markets in Crypto-Assets (MiCA) regulations in the EU starting in December, the European crypto market has gained greater legitimacy and security.
The bank said more details about the possible creation of a U.S. bitcoin reserve could be revealed in the first quarter.