Bitcoin has been setting new records this month, breaking through the $97,000 mark on Thursday. Investors continue to expect US President-elect Donald Trump to usher in a "golden age" for cryptocurrencies, which will include more supportive regulation of the industry, as well as a potential national strategic bitcoin reserve or reserve. Bitcoin approached the $100,000 mark for the first time, but could still double after that, according to BCA Research. Analysts generally believe that the strong momentum of cryptocurrencies will continue, with bitcoin expected to reach $200,000 and ether reaching $10,000 by the end of 2025. According to Swan Bitcoin analyst Sam Callahan, the price of Bitcoin continues to be driven by a number of factors, including improved liquidity conditions, increased institutional adoption, and a shift in regulatory environments from headwinds to tailwinds. Another Trump term also means larger budget deficits, potentially more inflation, and a change in the international role of the dollar - all of which will positively impact the price of Bitcoin.