According to a report released by Matrixport, in early February 2024, "Matrix on Target" predicted that the year-end price of Bitcoin would reach $70,000 when the price of Bitcoin was around $42,000. Although some people think that this prediction is conservative, it has already risen sharply by +65% from the price at that time. As of now, the price of Bitcoin has fluctuated below $70,000, showing that overcoming this psychological barrier still faces challenges, but the overall prediction is roughly accurate. We believe that Bitcoin is expected to break through the $70,000 mark, and the development of the US political situation will affect market sentiment. If Trump is re-elected as president in 2025, it is expected that his policies that support business and doubt the Fed will provide a good environment for Bitcoin. Although Trump has criticized cryptocurrency, his policy direction will benefit the market development of Bitcoin. During Trump's previous term, he promoted economic growth through relaxed regulation and tax policies, which are favorable trends for the Bitcoin and cryptocurrency asset markets. Therefore, although our predicted year-end closing price of $70,000 is accurate, it may be too conservative. Last week, we noticed that investors had not yet begun to prepare positions for Trump's victory. Since then, Bitcoin has experienced a large increase of 8%. As Trump's chances of winning rapidly increase, we are increasingly likely to see a stronger return of Bitcoin.