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 backdrop in the US, growing institutional adoption, and looser monetary policy by the Federal Reserve, are all expected to support the price of the cryptocurrency, the report said.
The Trump administration’s support for crypto means the market’s current bull run should continue, and the president’s continued support is key for “the continuation of crypto’s golden age,” wrote analyst Marion Laboure.
Although President Trump did not sign any crypto-related executive orders on his first day in office, the announcement that the Securities and Exchange Commission (SEC) will form a regulatory framework for digital assets is a first step toward an overhaul of the industry, the report said.
The appointment of Paul Atkins as SEC chair also signals a “change toward an innovation-friendly approach,” Deutsche Bank said.
With the implementation of the Markets in Crypto-Assets (MiCA) regulation in the EU on Decemberthe European crypto market now enjoys increased legitimacy and security, the report added.
More clarity about the potential establishment of a US bitcoin reserve may come in the first quarter, the bank said.
Read more: Bitcoin Is No Longer A Niche Investment as Institutional Adoption Takes Off: WisdomTree
