【Opinion: Bitcoin Faces Three Major Impact Factors In 2025 - Trump Administration Crypto Policy, Fed Monetary Policy, US Government Debt】 December 24Th, According To Barron'S, As Bitcoin Retraced To $94,000 On Christmas Eve, Yuya Hasegawa, An Analyst At The Japanese Cryptocurrency Exchange Bitbank, Elaborated On The Three Key Influencing Factors Of The 2025 Crypto Market.First, The Direction Of The Trump Administration'S Cryptocurrency Policy Will Dominate Market Sentiment. The Strategic Bitcoin Reserve Plan It Proposed And The Progress In Appointing Pro-Cryptocurrency Nominees Are Expected To Directly Impact The Price Trends Of Mainstream Cryptocurrencies Including Bitcoin, Xrp, And Dogecoin.Second, The Federal Reserve'S Monetary Policy Will Continue To Influence The Crypto Market. Hasegawa Pointed Out That An Accommodative Monetary Policy Has Always Been Bullish For Bitcoin Prices, While The Opposite Would Have A Negative Impact. Although The Fed Has Already Cut Rates By A Total Of 100 Basis Points This Year, Due To Trump'S Plan To Impose 10%-20% Tariffs On All Imported Goods, With Tariffs On Chinese Goods Potentially Reaching 60%, This Could Exacerbate Inflationary Pressures, Forcing The Fed To Maintain Relatively High Interest Rates.Third, The U.S. Government'S Debt Issue May Become A New Focus For The Market. Hasegawa Emphasized That A High-Interest-Rate Environment Will Increase The Government'S Debt Burden. If Concerns About Debt Sustainability Trigger Market Worries, And If The U.S. Strategic Bitcoin Reserve Plan Is Successfully Implemented, Bitcoin'S Safe-Haven Attribute As Digital Gold Will Receive More Attention, Potentially Driving Its Valuation Even Higher