Deutsche Bank in a latest report has shared that the outlook for Bitcoin is expected to remain positive with the price expected to remain elevated in 2025.
The report highlighted that the expectations of a more favourable regulatory and politcial backdrop in the US, together with growing institutional adoption and looser Fed policy, all of these will act as catalysts to support the flagship crypto’s price.
The Bull Run Must Go On!
Analyst Marion Laboure wrote that the Trump administration’s support for crypto means the market’s current bull run should continue, and ongoing presidential backing is key for the “continuation of crypto’s golden era.”
Althought 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 which is seen as a significant move in the government’s efforts to towards an overhaul of the industry.
More Details In Q1
Deutsche Bank also noted that the appointment of Paul Atkins as the next SEC Chair 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) regulation in the EU starting in December, the European crypto market has gained enhanced 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.
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