PANews reported on December 28 that according to Reuters, the Federal Reserve implemented its third interest rate cut this year this month and hinted at fewer rate cuts in 2025 due to the uncertain inflation outlook, which disappointed investors who expected rate cuts to boost corporate profits and valuations, causing the stock market to plummet. However, this may not hinder the rise of alternative assets such as cryptocurrencies. Damon Polistina, head of research at investment platform Eaglebrook Advisors, said that the incoming pro-cryptocurrency Trump administration is adding many catalysts that are boosting the confidence of cryptocurrency investors. This month, driven by Trump's friendlier policies, the price of Bitcoin soared to more than $107,000. Damon Polistina added, "Cryptocurrency is widely viewed as a risky asset. Therefore, the Fed's rate cut is positive...Any positive economic data in early January next year will help maintain the momentum we are seeing."