PANews reported on December 17 that QCP Capital, a Singapore-based crypto investment firm, said in a statement today that it is becoming increasingly difficult to find reasons to be bearish on the spot price of Bitcoin. However, the options market has issued a warning: despite the continuous record highs in spot prices, the deviation between puts and calls continues to widen, which may indicate that investors are more inclined to hedge risks rather than aggressively chase gains.

VanEck predicts that the crypto market will reach a "mid-term" peak in the first quarter of 2025, boosted by continued optimism, with a target price of $180,000 for Bitcoin. In addition, the Financial Accounting Standards Board (FASB) has adopted fair value accounting for Bitcoin and other digital assets, allowing companies to directly include fair value gains in their net income - a game changer for the finances of companies holding Bitcoin.

Driven by a supportive regulatory environment, this could trigger a cross-asset feedback loop, making it easier for corporate finances that hold Bitcoin to raise capital, potentially driving institutional demand for Bitcoin in a non-linear manner.