(II) #Long-term trend
In the long run, the crypto market has a broad development prospect. With the continuous maturity of blockchain technology and the continuous expansion of application scenarios, the value and application scope of cryptocurrencies will continue to increase. The continuous entry of institutional investors and the gradual acceptance of cryptocurrencies by mainstream financial markets will drive the market size to continue to expand. JPMorgan Chase has turned bullish on digital assets, saying that multiple positive factors are expected to continue to drive the development of this field in 2025, including the accelerated entry of institutional investors, the inclusion of Bitcoin in strategic reserves by multiple US state governments, and the expected improvement of the regulatory framework for cryptocurrency derivatives and stablecoins. These factors will significantly enhance "the confidence and participation of traditional institutional investors".
