On May 17, according to Cointelegraph, cryptocurrency analyst Scott Melker said that it was "entirely possible" for Bitcoin to rise to US$250,000 in 2025. He pointed out that the continued influx of institutional investors and declining market volatility are key factors driving price increases. Scott Melker emphasized that with the participation of traditional financial institutions such as pension funds and ETF issuers, the Bitcoin market is becoming more mature and stable, and Bitcoin's volatility has dropped from three times that of the S & P 500 index to less than twice. In addition, Scott Melker also mentioned that Coinbase has been included in the top 50 of the S & P 500 index, companies such as Galaxy Digital and eToro have promoted listing plans, and improvements in the U.S. regulatory environment have provided strong support for the crypto market. Melker believes that considering that Bitcoin rose from US$3,000 to US$69,000 in 2020, it is not impossible for the current price to increase by another 2.5 times, and Ethereum's recent increase has exceeded Bitcoin, driving the rise of small-cap tokens, indicating that "new funds" are flowing into the market rather than just rotating among existing assets.