Galaxy Research: Bitcoin may break through $100,000 in the short term

CoinRank News: Galaxy Research said in a research report on Tuesday that the Bitcoin (BTC) bull run will continue, and BTC is expected to break the $100,000 mark in the short term. The report said that the increasing adoption of Bitcoin by institutions and enterprises, the possibility of establishing Bitcoin nation-state reserves, and the new US governments support for cryptocurrencies all indicate that Bitcoin will rise in the near and medium term. The launch of ETF options may increase liquidity and may reduce volatility. However, the analysis believes that the outgoing Biden administration may take some disturbing regulatory or enforcement actions to make the market uneasy, but the trend of Bitcoin in the next two years seems unique and bullish, and the options market data is also bullish. (Coindesk)