The data shows that BTC is expected to reach $100,000 by 2025. BTC (BTC) has recently hit a new high in the past few days, and many users predict that the largest cryptocurrency in the market may reach a milestone of $100,000 by the end of 2024. According to the latest data from the event contract market, 60% of users believe that BTC will reach this milestone before January, while 45% of users believe it can reach this level as early as November. Since the US presidential election on November 5th, BTC has surged by more than 28%. The election results are seen as favorable to Crypto Assets, especially as President-elect Donald Trump has expressed support for the industry and hinted at implementing more favorable regulations. Analyst Mike Colonnese commented on the current market situation, saying that strong positive sentiment may continue until 2025, and we expect the BTC price to reach six figures by the end of this year. The analyst further pointed out that after Trump officially announced his victory in the election, BTC broke through its historical high point in the early hours of last Wednesday and is currently in a "price discovery" phase. He believes that the combination of market enthusiasm and regulatory optimism may continue to maintain the rise trend of BTC, attracting new investors and consolidating its position in the financial sector by the end of 2024. Solita Marcelli emphasized this point in a report to clients on Tuesday. She said, 'We still consider encryption assets as speculative transactions rather than strategic investments in our portfolio.' Marcelli is skeptical of the potential for digital assets to make significant progress in disrupting the real world and points out that they tend to increase portfolio volatility. UBS emphasized that since 2014, Bitcoin has experienced three major drops of more than 70%, with an average recovery period of three years. On the positive side, other cryptocurrencies, such as Ethereum (ETH), Solana (SOL), and even DOGE (DOGE), experienced a pump on Wednesday. After Trump announced that Tesla CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy would lead the newly established "Department of Government Efficiency" (cleverly abbreviated as DOGE), DOGE surged significantly. However, encryption-related stocks did not follow the bullish trend of Bitcoin. Stocks such as COIN and HOOD took a breather after a recent pump, with C.b's stock price falling by about 2% on Wednesday, while R.b.h remained largely unchanged. After hitting a historical high of $93,000 on Wednesday, BTC has dropped to the level of $90,350, but still pumped 20% this week. (Data Source: Ronaldo Marquez)

According to CaiLian News, on October 25, Microsoft announced its fiscal 2024 first quarter results as of September 30 this year. According to the financial report, Microsoft's first-quarter revenue was $56.5 billion, a year-on-year increase of 13%, higher than the market expectation of $54.5 billion; Operating profit of $26.9 billion, up 25% year-over-year; Net income was $22.3 billion, up 27% year-over-year. Specifically, Microsoft's Intelligent Cloud division grew 19% to $24.3 billion in revenue in the fiscal first quarter. Among them, Azure (where most of the AI work will be done on the platform) saw revenue growth of 29%, higher than analysts' consensus of 26%. Microsoft CFO Amy Hood said about 3 percentage points of Azure's growth in the quarter was related to artificial intelligence. Brett Iversen, Microsoft's vice president of investor relations, said a big part of the quarterly sales growth came from customers restarting Microsoft's cloud services in anticipation of using artificial intelligence services. In addition, Microsoft's CEO said more than 18,000 organizations are using Azure OpenAI's services.

According to CaiLian News, on October 25, Microsoft announced its fiscal 2024 first quarter results as of September 30 this year. According to the financial report, Microsoft's first-quarter revenue was $56.5 billion, a year-on-year increase of 13%, higher than the market expectation of $54.5 billion; Operating profit of $26.9 billion, up 25% year-over-year; Net income was $22.3 billion, up 27% year-over-year. Specifically, Microsoft's Intelligent Cloud division grew 19% to $24.3 billion in revenue in the fiscal first quarter. Among them, Azure (where most of the AI work will be done on the platform) saw revenue growth of 29%, higher than analysts' consensus of 26%. Microsoft CFO Amy Hood said about 3 percentage points of Azure's growth in the quarter was related to artificial intelligence. Brett Iversen, Microsoft's vice president of investor relations, said a big part of the quarterly sales growth came from customers restarting Microsoft's cloud services in anticipation of using artificial intelligence services. In addition, Microsoft's CEO said more than 18,000 organizations are using Azure OpenAI's services.

According to a report by Science and Technology Innovation Board Daily on September 8, Microsoft Chief Financial Officer Amy Hood recently stated that the generative artificial intelligence tool suite will be the company’s fastest software business to reach US$10 billion in revenue. “The opportunity is there, and AI enterprise software can attract customers,” she said. Microsoft has released a series of AI-driven products, including the 365 Copilot service for $30 per person per month. Hood said customers have responded well to 365 Copilot and feel it has changed the way they work. She added that the target market for the 365 Copilot service is particularly large because Microsoft 365 has 160 million users.

According to a report from Sina Technology News on July 26, Microsoft released an aggressive spending plan after fourth-quarter revenue and profit exceeded Wall Street expectations, hoping to meet the strong demand for its new artificial intelligence services. According to this plan, Microsoft will significantly increase the cost of data center construction to support artificial intelligence services. The company's CFO Amy Hood (Amy Hood) also said on the analyst conference call that throughout the 2024 fiscal year, the company's capital expenditures will increase quarter by quarter. CFO Hood told analysts that although Microsoft will increase spending in fiscal 2024, operating margins adjusted for changes in accounting rules will increase slightly. "The key here is actually meeting the demand curve," Hood said. Hood said it will take time to turn a profit. She noted that Copilot isn't quite ready for a general launch, and the product may not actually generate revenue until the second half of fiscal 2024.