According to BlockBeats, on December 14, according to The Block, Matrixport analyst Markus Thielen expects that the cryptocurrency market will rise in 2024 even if the spot Bitcoin ETF is not approved by the U.S. Securities and Exchange Commission. Increased liquidity, the Bitcoin halving event, and the possibility of Trump's re-election have all provided catalysts for further increases in the crypto market. Thielen said that since the pandemic, the size of U.S. money market funds has increased from $3 trillion to $6.1 trillion. This growth means that the interest paid each year is now about $370 billion, equivalent to about $1 billion a day-this money can "easily" enter riskier investments such as stocks and cryptocurrencies.