1. Trump officially announces Musk's new position, dogecoin soars.

After Trump appointed Musk and the founder of biotechnology company Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE), dogecoin soared to 42 cents. After Trump won the presidential election last week, traders bet on a wave of relaxed regulations and industry-friendly policies towards the crypto industry. Since then, bitcoin has repeatedly reached new highs, with the current trading price close to $0.09 million.

2. BitMEX Co-founder: If Trump's "America First" plan succeeds, BTC will reach $1 million.

BitMEX Co-founder Arthur Hayes released a new article titled 'Black or White?' stating that the incoming Trump administration will implement Trump's 'America First' plan. The plan aims to boost key industries (shipbuilding, semiconductor factories, auto manufacturing, etc.) by offering government tax breaks and subsidies to increase nominal GDP. Hayes expects the new government to promote manufacturing returning to the US through large-scale fiscal stimulus and industrial policies, including providing tax incentives and subsidies to key industries, and providing cheap financing through the banking system. He anticipates this will lead to rapid expansion of bank credit, possibly exceeding the $4 trillion stimulus scale during the pandemic. In this context, Hayes believes that bitcoin will be the best choice against fiat currency devaluation, with the potential to reach $1 million.

3. Bitwise Chief Investment Officer: Bitcoin will rise to $0.5 million or higher.

Bitwise's Chief Investment Officer stated that $0.5 million per bitcoin is the correct boundary between early and late stages. The gold market currently has a size of $18 trillion, with bitcoin at around $2 trillion. This makes the value storage market size approximately $20 trillion. When bitcoin matures, it will at least share this market with gold. Currently, there are about 20 million bitcoins in existence, with the remaining 1 million to be issued in the next century. Therefore, when bitcoin reaches $0.5 million, it will occupy half of the market share. Currently, governments around the world hold about 20% of global gold reserves, while the proportion of those holding all bitcoins is less than 2%. To get bitcoin close to $0.5 million, we need to see this gap narrow. Perhaps the biggest example of this is Senator Cynthia Lummis's plan in Wyoming, USA, to establish a national bitcoin reserve with the goal of using government funds to purchase bitcoins worth over $80 billion. If we start to see this happening, the realization of $0.5 million bitcoin is entirely possible.

4. Ripple CEO: Bitcoin could reach $1 million by 2030.

Ripple CEO Sebastian Serrano believes that driven by the growth of US debt and the devaluation of the dollar, bitcoin could reach $1 million by 2030. While traditional investors shift to gold, Serrano believes that young investors prefer bitcoin as a safe asset to hedge against poorly managed fiscal risks.

Analysts: The potential peak of Bitcoin price may arrive around the end of May 2025.

According to Copper's report based on historical data, the potential peak price of Bitcoin may arrive around the end of May 2025. Analysts have studied the historical growth of Bitcoin's market cap during different bull and bear market cycles and believe that the average duration of a Bitcoin cycle is around 756 days. Analysts state that as of now, Bitcoin is on day 554 of the current cycle, which began around mid-2023. The report states, "Based on the average cycle duration, this timeline suggests that Bitcoin may reach its peak in approximately 200 days, around mid-2025." The report also notes that the expected peak of Bitcoin may align with the possibility of a U.S. economic recession. Analysts highlight a report from JPMorgan, which states a 45% chance of an economic recession in the second half of 2025, coinciding with their projected Bitcoin peak time.

Coinbase CEO: Once regulatory clarity is obtained, there should be a compliant way to register encrypted securities.

Coinbase CEO Brian Armstrong stated on the X platform that while most investors have heard of Bitcoin, it will remain the most important crypto asset, yet many practical functions (such as stablecoin payments) are happening on Ethereum and Solana (this year's payment volume is expected to exceed $20 trillion), with activities in emerging markets occurring like World and TON (integrated into Telegram applications outside the U.S.), as well as tokens like Uniswap in DeFi and layer 2 scaling tokens like Optimism. Ultimately, every project, community, meme, and even individual/ai will have a token. Of course, once some regulatory clarity is obtained, there should be a compliant way to register encrypted securities for those looking to raise funds for their businesses, making capital formation more efficient. Therefore, cryptocurrencies will become the next version of the stock market and internet, with millions of tokens. As cryptocurrencies continue to reshape the financial system, having a wide range of market indices is a crucial part of financial infrastructure.

Federal Reserve Board Governor Waller: Stablecoins must be regulated to address run risks.

Federal Reserve Board Governor Waller stated that stablecoins are essentially a "synthetic dollar" and could benefit the financial system. However, he emphasizes that stablecoins must be regulated to address potential run risks.

Genius Group adopts a global 'Bitcoin-first' strategy, planning to allocate over 90% of reserves to Bitcoin.

AI-driven education group Genius Group announced that its board of directors has adopted a global 'Bitcoin-first' strategy, using Bitcoin as the primary reserve asset. The board of directors has approved a commitment to allocate 90% or more of current and future reserves to Bitcoin, aiming for an initial investment of $0.12 billion through ATMs to hold as the primary treasury reserve asset in the long term, while launching the Web3 Wealth Renaissance education series and enabling global Bitcoin payments on the company's Edtech platform.

Coinbase CEO: The crypto market is expected to become the 'next stock market and internet.'

Coinbase CEO Brian Armstrong announced that the crypto market cap-weighted index, COIN50, has officially launched. The index provides investors with a new way to track the overall performance of the crypto economy. COIN50 tracks the top 50 crypto assets listed on Coinbase, aiming to conveniently provide investors seeking broad exposure to the crypto market. Armstrong mentioned that while Bitcoin remains the most important crypto asset, more investors are looking for broader exposure to the entire crypto market. Networks like Ethereum and Solana are showing strong utility in stable coin payments, with expected payments exceeding $20 trillion this year. Additionally, projects like TON and World are showing activity in emerging markets, and DeFi tokens like Uniswap and Layer 2 scaling solutions like Optimism are further enriching the ecosystem. Armstrong points out that in the future, every project, community, or even individual or AI could have their own tokens. With clearer regulations, registered compliant crypto securities will enhance capital efficiency. He believes that the crypto market is poised to become the 'next version of the stock market and internet,' with the emergence of millions of tokens. Coinbase's COIN50 index provides important infrastructure support for the financial system, driving further integration of the crypto market with the traditional financial system.

ZetaChain teams up with Google Cloud to promote the development of Bitcoin applications and general blockchain usage.

ZetaChain officially announced a partnership with Google Cloud to advance the widespread application of Bitcoin in Web3 and general blockchain development. In this collaboration, Google Cloud will serve as a validation node for ZetaChain, responsible for the verification work of the mainnet and testnet, helping to build a decentralized validation network composed of institutions and communities. ZetaChain will utilize Google Cloud's Protocol Accelerator tool to provide developers with enterprise-level node management, testnet faucets, and data indexing services to enhance development efficiency. Furthermore, ZetaChain will delegate a total of 1 million ZETA tokens to 5 nodes running on Google Cloud to further drive the development of the Web3 ecosystem. Brandon Truong, a core contributor to ZetaChain, notes that ZetaChain enables native access to Bitcoin, allowing Bitcoin to interact directly with dApps without the need for wrapping or bridging.

Coinbase launches the COIN50 index and provides support for perpetual contracts with up to 20x leverage.

According to The Block, Coinbase has introduced the new index, COIN50, tracking the top 50 digital assets that meet basic standards. This index also offers trading in the form of COIN50-PERP perpetual contracts, supporting leverage of up to 20x. The COIN50 index aims to provide crypto investors with broad market representation, including mainstream assets like Bitcoin and Ethereum. The component assets are market-weighted, with Bitcoin accounting for 50.3%, Ethereum 27.5%, and others like Solana, XRP, and Dogecoin totaling about 11.2%. Compared to existing crypto indices, COIN50 covers a broader range of crypto fields, not just limited to infrastructure assets. COIN50-PERP perpetual contracts allow traders to hold positions indefinitely and are suitable for institutional and advanced users in specific regions. Coinbase plans to explore more ways for users to access this index.

Bitcoin futures basis return rates have climbed to a seven-month high.

According to The Block, the basis return rates for Bitcoin futures have reached a seven-month high, with analysts from QCP Capital suggesting that this may indicate heightened market leverage risks. The current market shows a strong demand for call options with high strike prices, indicating investors' optimism regarding further upward moves. Analysts point out a significant increase in perpetual contract funding rates, with the basis exceeding 18% by late November, and the Bitcoin price nearing the crucial $90,000 mark. QCP analysts warn that high basis return rates may come with risks of leveraged liquidation, potentially triggering a market pullback if price trends turn unfavorable. Additionally, Philipp Pieper, co-founder of Swarm Markets, notes that part of the recent Bitcoin surge stems from cautious capital re-entry into the market, but fluctuations in market sentiment may lead to mid-term profit-taking and price volatility.