Start a new phase of growth, Bitcoin once broke through $90,000, hitting a new all-time high.

The world's largest cryptocurrency Bitcoin surged to a new high on Tuesday, kicking off a new phase of growth as predicted by analysts. According to Coinbase data, on Tuesday afternoon, the price of Bitcoin briefly broke through the $90,000 mark. On Monday, Bitcoin also saw its largest single-day increase in history. Bitcoin has risen by 115% so far this year, far exceeding the opening price of $42,000 on January 1st. The total market value of cryptocurrency has also surpassed a historical high of $3.1 trillion, surpassing the record of around $3.07 trillion in November 2021. This phenomenon comes at a time when digital assets and the broader stock market are experiencing heightened optimism following Donald Trump's re-election. Analysts refer to this phenomenon as the "Trump trade," with many believing that Bitcoin and digital assets have become a "faith" investment following Trump's return to office. Julien Auchecorne, head of Auros Ventures, said on Tuesday, "With the uncertainty of the election removed and positive signals from the US, the uptrend in the crypto market appears sustainable." Exceeding initial predictions for the year, the S&P 500 index briefly broke through the 6000-point mark last week. This was due to the Federal Reserve's accommodative monetary policy and loose interest rate environment, which will lower borrowing costs and inject further momentum into risk assets, including cryptocurrencies. Matt Hougan, Chief Investment Officer of Bitwise, expects Bitcoin to surpass $100,000 by the end of the year and reach $200,000 by the end of 2025. Other institutions, including New York-based investment management and research firm Bernstein, have also given similar forecast targets. Bradley Duke, Head of Bitwise Europe, stated that the cryptocurrency industry could enter a "golden age" with the changing US political landscape. The uptrend in the crypto market is expected to continue at least in the foreseeable future. These developments align with the widespread belief in the market that a Trump victory will create a favorable investment environment, providing a clear path characterized by deregulation and business-friendly policies. It is expected that these policies will drive further growth next year. The Trump administration is expected to implement regulations for the cryptocurrency market, promote the establishment of Bitcoin reserves, protect cryptocurrency mining interests, improve the current regulatory environment, and encourage innovation. While the market seems to be in a "sweet spot," risks still exist, including geopolitical risks in the Middle East and Eastern Europe, escalating debt in the US, and potential climate disasters, all of which could act as catalysts interrupting the market trend. However, for now, Bitcoin appears unfazed by these factors.