The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive, and its price is expected to remain high in 2025, German lender Deutsche Bank (DB) said in a report on Wednesday.
A more favorable regulatory and political background in the United States, growing institutional adoption, and broader Federal Reserve monetary policy are all expected to support the price of the cryptocurrency, the report said.
The Trump administration’s support for crypto means that the current bull run of the market will have to continue, and continued presidential support is key to the “continuation of the golden age of crypto,” wrote l analyst Marion Laboure.
While President Trump did not sign any executive orders on his first day in office, the announcement that the Securities and Exchange Commission (SEC) will develop a regulatory framework for digital assets is a first step towards a review of the industry, the report said.
The appointment of Paul Atkins as chairman of the SEC is also indicative of a “shift towards an innovation-friendly approach,” Deutsche Bank said.
With the regulation Markets in Crypto-Assets (MiCA) that enters into force in the EU in DecemberThe European crypto market now enjoys increased legitimacy and security, the report added.
More clarity on the potential establishment of a US bitcoin reserve could be imminent in the first quarter, the bank said.
Read more: Bitcoin is no longer a niche investment as institutional adoption declines: WisdomTree
