QCP Capital highlights that bearish arguments for Bitcoin's spot price are increasingly difficult to justify. However, the options market continues to show a preference for puts over calls, indicating lingering risk-hedging sentiment despite Bitcoin's spot price reaching new highs.VanEck predicts Bitcoin could hit $180,000 in Q1 2025, driven by sustained bullish momentum pushing the crypto market to a "medium-term" peak.Additionally, the FASB's adoption of fair value accounting for Bitcoin allows companies to reflect gains directly in net income—an optimistic development for corporate BTC treasuries. This could trigger a cross-asset feedback loop, making it easier for firms holding Bitcoin to raise funds and potentially sparking further institutional demand.