TechFlow news, December 17 — A recent report from QCP Capital indicates it is becoming increasingly difficult to find reasons to bet against the spot price of Bitcoin. However, caution remains warranted in the options market: even as spot prices continue reaching new highs, put options remain more popular than calls—suggesting investors are favoring hedging over aggressively chasing upside gains.
VanEck expects the cryptocurrency market to reach a "mid-cycle" peak in the first quarter of 2025, driven by sustained bullish sentiment, with a Bitcoin target price of $180,000.
Further boosting optimism, the Financial Accounting Standards Board (FASB) in the U.S. has adopted fair-value accounting for Bitcoin and other digital assets, allowing companies to reflect fair-value gains directly in net income—a significant shift for corporate financials holding BTC.
Fueled by a supportive regulatory environment, this could trigger a cross-asset feedback loop where BTC-holding companies find it easier to raise capital, potentially stimulating institutional demand for BTC in a non-linear fashion.
