PANews reported on January 21 that Bybit co-founder and CEO Ben Zhou commented on "Trump was sworn in as the 47th President of the United States": We are pleased to see that the market is becoming more friendly to cryptocurrencies and the application scenarios are expanding; the meme coin recently launched by US President Trump and First Lady Melania has laid a strong precedent for the future; as President Trump enters his second term, the market will be ready for accelerated growth in Web3, decentralized finance and blockchain. The craze for TRUMP coins has already reflected the market's growing demand for on-chain transactions, highlighting the market's general trend of entering the Web3 era.
The cryptocurrency market is entering a more friendly regulatory environment. This change has given the market a shot in the arm, allowing the market to show greater confidence and greater recognition in digital assets. It is believed that institutional investment will continue to grow rapidly. In the coming months, clearer regulatory guidelines and the upcoming Cryptocurrency Advisory Committee will provide more support to the industry and accelerate the process of cryptocurrency becoming a real asset used in daily life.
The world is gradually adapting to market changes, and we expect Europe, the UAE, Asia Pacific, Singapore and Hong Kong to accelerate the development of their cryptocurrencies. As policies become clearer and investor confidence increases significantly, Bybit expects the price of Bitcoin to rise to $175,000 to $250,000 by 2025.
