Odaily Planet Daily News Brokerage firm Bernstein analyst Gautam Chhugani believes that the current cycle is still in its early stages, under the background of the Mata Uang Kripto-friendly U.S. government, Mata Uang Kripto can transition from a speculative asset class to a utility-based digital Pasar Kapital. He explained: ‘We still believe that the $100,000 BTC price level is not the peak of the cycle. The BTC market still has a lot of momentum, and it is expected that BTC will reach a peak value of $200,000 by the end of 2025. If the market in 2025 remains concerned about macroeconomics and the risks of Trump’s disruption, we may see a delay in the realization of the BTC cycle high point, and we may see the BTC Bull Market cycle extended until 2026.’ (The Block)