PANews reported on December 5 that Jonathan Miller, managing director of cryptocurrency exchange Kraken, said that Bitcoin's breakthrough of the psychological barrier of $100,000 marks its transformation from marginal technology to recognized assets. Thomas Pevermo, head of strategy at Kraken, said, "The rebound in the crypto market after the US election shows that demand was suppressed due to uncertainty and the lack of a crypto vision in the United States. Coupled with the positive macroeconomic outlook for financial assets by 2025, cryptocurrencies are in a very favorable position. The rapid growth of exchange-traded products such as Bitcoin ETFs and the entry of new institutional investors into the market are reasons to be optimistic about cryptocurrencies, creating mature conditions for creating new highs."