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[Bitwise Research Director: Bitcoin's Rise Not Primarily Driven by Venezuela Incident] On January 6, Bitwise Research Director Ryan Rasmussen stated that the approximately 5% rise in Bitcoin was not primarily driven by the Venezuela incident but rather by factors such as institutional adoption, shifts in crypto regulation, optimism around AI, and unchanged expectations of interest rate cuts. Institutional funds continue to flow into the crypto market, with platforms like Morgan Stanley increasing Bitcoin asset allocations; crypto-friendly regulatory directions are gradually being established; market concerns over an AI bubble have eased, leading to a flow of funds into risk assets; and Maduro's arrest has not altered short-term interest rate cut expectations. While the Venezuela incident has had some impact on Bitcoin, it is not the main driving factor.