PANews reported on May 17 that according to Cointelegraph, cryptocurrency analyst Scott Melker said that it is "entirely possible" for Bitcoin to rise to $250,000 in 2025. He pointed out that the continued influx of institutional investors and the decline in 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 in the past to less than two times. In addition, Scott Melker also mentioned that Coinbase was included in the top 50 of the S&P 500 index, companies such as Galaxy Digital and eToro have promoted their listing plans, and the improvement of the US regulatory environment have provided strong support for the crypto market. Melker believes that considering that Bitcoin rose from $3,000 to $69,000 in 2020, it is not impossible for the current price to rise by another 2.5 times, and Ethereum's recent increase has exceeded Bitcoin, driving small-cap tokens to rise, indicating that "new funds" are flowing into the market, rather than just rotating between existing assets.