On December 19, Bitwise Chief Investment Officer Matt Hougan stated that although the Federal Reserve's latest policy statement has caused a short-term shock to the market, the cryptocurrency market has developed an endogenous momentum independent of Federal Reserve policies, driven by four core trends: a shift towards a positive regulatory attitude in Washington, accelerated entry of institutional investors, and continued industry development. Bloomberg ETF analyst Eric Balchunas expects a wave of cryptocurrency ETFs to emerge next year, with the first likely being a BTC+ETH combination ETF. Additionally, the Bitcoin Strategy Institute has drafted a presidential executive order for Trump regarding the inclusion of Bitcoin as a strategic reserve asset for the United States.