PANews reported on November 29 that according to CoinDesk, ARK Invest research assistant David Puell said that the current market environment is in the middle of a bull market and that the price of Bitcoin may reach $104,000 to $124,000 by January 1, 2025. He also said, "It should be noted that this is not a suggestion, but so far, the price trend is quite consistent with this forecast." The crypto market is still about 55% to 65% away from the end of the bull market. It is expected that in the best case scenario, the price of Bitcoin can reach $500,000 in 2030.