**Bitcoin Could Surge Past $100,000 Soon, Predicts Galaxy Research**

The bitcoin bull market is far from reaching its peak, according to a new report by Galaxy Research. The world's largest cryptocurrency is anticipated to make a significant push towards breaking the $100,000 barrier in the near term, driven by several compelling factors.

Galaxy Research analysts foresee continued upward momentum for bitcoin due to increasing institutional adoption and potential nation-state reserves being created for the cryptocurrency. These trends indicate a solid trajectory for bitcoin's growth, bolstered by a supportive economic backdrop and evolving corporate strategies embracing digital assets.

The report also highlights that bitcoin's outlook remains favorable despite possible regulatory challenges. Alex Thorn, head of research at Galaxy, cautioned that the outgoing Biden administration's twilight regulatory actions might cause market jitters. Nevertheless, over the next two years, the bitcoin setup is described as "unique and bullish."

Furthermore, the bitcoin options market is showing an optimistic sentiment, with the anticipated launch of bitcoin exchange-traded fund (ETF) options. Galaxy Research suggests that this development could enhance market liquidity and reduce volatility, attracting larger institutional investors and increasing retail demand.

At the time of the report's publication, bitcoin was trading at approximately $94,600, reflecting a 2.8% increase. Meanwhile, the broader digital assets index, CoinDesk20 (CD 20), experienced a rise of over 3%, signaling a robust performance in the digital asset market.