According to Bloomberg, Caroline Mauron, co-founder of encryptionDerivativesLiquidity provider Orbit Markets, said, "The huge psychological barrier of $100,000 is now within reach." She added that bets in the BTCOptions market indicate that the market expects prices to pump rapidly.

The current optimism has diluted people's memory of the big dump in the 2022 market, which exposed fraud and other risky behaviors in the crypto world, leading to the collapse of platforms including Sam Bankman-Fried's FTX exchange, and his own imprisonment.

This turmoil has triggered a series of tough enforcement actions by the United States Securities and Exchange Commission (SEC), and the industry expects that this suppression will gradually disappear under the Trump administration.