Bitcoin’s price outlook remains bullish: According to QCP Capital, justifying bearish views on Bitcoin’s spot price is increasingly difficult. Despite this, the options market indicates caution, as investors prefer puts, signaling risk-hedging behavior even amid rising BTC prices.
Institutional interest in Bitcoin could rise: Investment firm VanEck projects Bitcoin could reach 180,000 USD by Q1 2025, fueled by positive momentum. Moreover, the FASB’s new accounting rule allows businesses to report Bitcoin gains in net income, potentially increasing institutional demand.